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Micron Revenue Surges as AI Memory Demand Lifts Margins

NVIDIA logoNVIDIA
Sig3.05Sen+5.10Env0.00Soc0.00Gov0.00
Micron Technology logoMicron Technology
Sig3.25Sen+6.20Env0.00Soc0.00Gov0.00

Revenue rose 106% year over year, while Q2 gross margin climbed to 75% from 72.5% a year earlier. Growth is projected to be roughly 70% next year amid supply constraints as AI accelerator demand outpaces manufacturing capacity. Micron plans to add manufacturing lines in Idaho, Virginia, and New York over the next eight years.

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