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Micron Just Did Something Even Nvidia Hasn't Done. Is the AI Stock a Buy? [Yahoo! Finance]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Investors had expected another growth surge from the memory chip leader, but Micron easily exceeded expectations. Revenue nearly tripled, jumping 196% to $23.9 billion, which was well ahead of the consensus at $19.2 billion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » That growth was driven by soaring demand for memory in the AI build-out and a supply crunch that's driving up prices for memory chips. While revenue tripled in the quarter, profits were up considerably more, as gross margin more than doubled, jumping from 36.8% to 74.4%, and net income jumped 771% to $13.8 billion, or $12.07 per share. After adjustments, EPS came in at $12.20, easily beating the consensus estimate of $8.65. Pricing dynamics for Micron were strong enough that operating margin more than tripled to 67.6%, a level that even Nv [Read more]

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Stockreport

Micron Just Did Something Even Nvidia Hasn't Done. Is the AI Stock a Buy? [Yahoo! Finance]

NVIDIA Corporation  (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Investors had expected another growth surge from the memory chip leader, but Micron easily exceeded expectations. Revenue nearly tripled, jumping 196% to $23.9 billion, which was well ahead of the consensus at $19.2 billion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » That growth was driven by soaring demand for memory in the AI build-out and a supply crunch that's driving up prices for memory chips. While revenue tripled in the quarter, profits were up considerably more, as gross margin more than doubled, jumping from 36.8% to 74.4%, and net income jumped 771% to $13.8 billion, or $12.07 per share. After adjustments, EPS came in at $12.20, easily beating the consensus estimate of $8.65. Pricing dynamics for Micron were strong enough that operating margin more than tripled to 67.6%, a level that even Nv [Read more]

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NVDA
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Stock performance from the time of news release until the following 4pm ET market close
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SINCE EVENT
Multi-day stock performance from the time of the news release
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