HardwareHow Memory Chip Shortage Made Micron an AI Market Leader
The memory chip shortage driven by the artificial intelligence boom has posed challenges for many tech companies, but for US manufacturer Micron, it has resulted in record financial performance. In the third quarter, the company's revenue quadrupled year-over-year to $41.45 billion, while net profit surged to $28.2 billion. Micron’s stock jumped 13% following the earnings report, pushing its market capitalization above $1.2 trillion.
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