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Stockreport

Micron stock soars on earnings beat amid 'unprecedented' AI-fueled demand for memory chips [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
Micron's high bandwidth memory (HBM) chips — a type of DRAM, or dynamic random access memory — are a crucial part of AI server systems, storing data temporarily and rapidly feeding it to GPUs (graphics processing units) as they train and run AI models. The company is a major supplier of memory to AI chip giant Nvidia ( NVDA Micron's DRAM revenue rose 69% to $10.8 billion in the company's first quarter, driven by AI-linked demand for HBM. That upswing helped Micron's first quarter earnings and revenue surpass Wall Street's expectations, with its EPS of $4.78 above the projected $3.95 and its $13.6 billion in quarterly revenue above the roughly $13 billion estimated by Wall Street analysts tracked by Bloomberg. Revenue from Micron's NAND — or storage chips — used in data centers surpassed $1 billion for the first time. Micron was more bullish than expected about the future, forecasting revenue between $18.3 billion and $19.1 billion in the second quarter, above the $14.4 billio [Read more]
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Stockreport

Micron stock soars on earnings beat amid 'unprecedented' AI-fueled demand for memory chips [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
Micron's high bandwidth memory (HBM) chips — a type of DRAM, or dynamic random access memory — are a crucial part of AI server systems, storing data temporarily and rapidly feeding it to GPUs (graphics processing units) as they train and run AI models. The company is a major supplier of memory to AI chip giant Nvidia ( NVDA Micron's DRAM revenue rose 69% to $10.8 billion in the company's first quarter, driven by AI-linked demand for HBM. That upswing helped Micron's first quarter earnings and revenue surpass Wall Street's expectations, with its EPS of $4.78 above the projected $3.95 and its $13.6 billion in quarterly revenue above the roughly $13 billion estimated by Wall Street analysts tracked by Bloomberg. Revenue from Micron's NAND — or storage chips — used in data centers surpassed $1 billion for the first time. Micron was more bullish than expected about the future, forecasting revenue between $18.3 billion and $19.1 billion in the second quarter, above the $14.4 billio [Read more]
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