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Will Micron's AI-Fueled DRAM Surge Offset NAND Challenges in Q3? [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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The company has been gaining momentum due to the surge in artificial intelligence (AI) investments and its strong ties with leading tech firms. While Micron's DRAM business is thriving on this AI boom, its NAND business remains under pressure and could weigh on overall earnings growth. Micron has found itself in a sweet spot amid the AI revolution, which is driving the skyrocketing demand for memory and storage solutions. AI systems — particularly large language models (LLMs) and generative AI applications — require massive data processing and storage capabilities, creating a growing need for high-performance DRAM. Micron's DRAM segment is expected to be the star of its third-quarter report. The Zacks Consensus Estimate for DRAM revenues stands at $7 billion, marking stellar 49.2% year-over-year growth. This not only underscores Micron's market strength but also highlights the improved pricing dynamics in the DRAM industry. After struggling with oversupply issues in previous years
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