Micron’s Earnings Surge as AI‑Driven Memory Shortage Will Outlast 2027
Micron reported fiscal Q2 revenue of $41.5 billion, up 346% YoY, and a record 84.9% gross margin that eclipsed Nvidia and Meta. Management warned that AI‑fuelled memory demand will keep supply tight past calendar 2027, locking in $100 billion of long‑term contracts. The outlook fuels a 267% rally in the stock.