Micron reported record revenue and expects even stronger growth in the coming quarters. Amidst the AI boom, demand for memory continues to grow, and talks of an imminent “AI bubble burst” have not yet been confirmed. This threatens further price increases for PC and gaming console components.
Investors are actively buying Micron shares. Over the past year, their value has increased by approximately 720%, and over the past 6 months — by 260%. The market capitalization of the RAM and NAND memory manufacturer has already exceeded $1 trillion.
For the quarter, Micron reported revenue of $41.46 billion against a forecast of $35.85 billion. In the next quarter, the company expects to earn $50 billion. If the forecast comes true, growth compared to the same period in 2025 will be almost fivefold.
Such high forecasts for 2027, based on a huge number of orders, cast doubt on bloggers' statements about the imminent collapse of the “AI bubble” and a sharp drop in RAM prices.
Micron is becoming the “new NVIDIA” thanks to gigantic demand. The AI segment continues to accelerate, which means further growth in component costs.