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Stock impact report

Boise's Micron reports jaw-dropping sales and profits as its stock price booms [Yahoo! Finance]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Yahoo! Finance
The Boise company's revenue, $23.86 billion for its fiscal second quarter ended Feb. 26, nearly tripled that of the same quarter a year ago — $8.05 billion. Profits for the quarter were up 870% over the same period. Micron's board also approved a 30% increase in its quarterly dividend to 15 cents a share. The memory-chip maker's boom is showing no signs of slowing down as memory-dependent artificial intelligence takes over the universe. CEO Sanjay Mehrotra said in a news release Wednesday that the company expects significant records again in its fiscal third quarter, projecting revenue of $33.5 billion with gross margin of about 81%. “In the AI era, memory has become a strategic asset for our customers, and we are investing in our global manufacturing footprint to support their growing demand,” Mehrotra said. Micron manufactures the high-bandwidth memory chips needed to train and run large language models and other AI systems that have proliferated since the release of OpenAI Show less Read more
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