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Stock impact report

Micron stock climbs as CEO highlights AI demand for memory [CNBC]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: CNBC
are up 52% over the last month, as memory is in a worldwide shortage and seeing a surge of demand. “We see that tightness continuing into 2027, so we see durable industry fundamentals over the foreseeable future, driven by AI demand,” Micron's CEO Sanjay Mehrotra said. In this article Micron stock rose 6% Friday as investors looked to buy AI chip supply chain stocks after Taiwan Semiconductor Manufacturing Company reported robust earnings on Thursday, signaling continued AI infrastructure spending. Shares of Micron, one of the makers of memory and storage for artificial intelligence systems, are up 52% over the last month, as memory is in a worldwide shortage and seeing a surge of demand . Memory is used in AI systems to keep large amounts of data close to the graphics processing unit, or GPU, so it can run large AI models without slowing down. ? AI driven-demand is accelerating,” Micron CEO Sanjay Mehrotra told CNBC's Jim Cramer. “It is real. It is here, and we need more an Show less Read more
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