Micron's shares jump as AI demand fuels record results
Micron's stock shot up nearly 8% after it reported $13.64 billion in revenue for Q1 2025—a huge 57% jump from last year and well above expectations.
Even as other AI-related companies stumble, Micron stands out as a key supplier powering the AI boom.
Why does this matter?
If you're following tech or thinking about investing, Micron's strong quarter is a big deal.
Their earnings per share beat forecasts ($4.78 vs $3.95), and they expect even higher revenue and profits next quarter.
They're also upping their spending to meet rising demand for AI hardware.
What's behind the surge?
There's a major shortage in memory chips right now—Micron's EVP Manish Bhatia called it "the most significant disconnect between demand and supply in terms of magnitude as well as time horizon that we've experienced in my 25 years in the industry."
With high-bandwidth memory (HBM) sold out through 2026, Micron looks set for steady growth as AI keeps driving demand for more advanced chips.