[Brief] Micron Stock Jumps 10% as Memory Crunch Drives Revenue Quadrupling
Micron Technology shares jumped roughly 10% in trading, driven by a severe supply-demand imbalance in the global memory chip market. Soaring chip prices have pushed quarterly revenue up approximately fourfold year-on-year, according to CNBC.
Analysts note that robust demand for high-bandwidth memory from AI training and inference workloads is the core driver of this price surge. Massive data centre expansion by major technology companies has further tightened memory chip supply.
Editor: GoodInfo Global News Team