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Micron stock soars after blowout earnings expose AI's memory bottleneck

Micron shares jumped after the company reported a blowout third quarter, driven by relentless demand for AI infrastructure. Revenue reached record levels for the fifth consecutive quarter, though the surge has created memory shortages in the semiconductor supply chain. The stock hit a new intraday record high on Thursday.

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What changed

Micron reported a 346% sales jump and record revenue, causing its market value to overtake Meta.

Live updates

  1. Micron Stock Surges Following Record AI-Driven Earnings

    Micron shares jumped after the company reported a blowout third quarter, driven by relentless demand for AI infrastructure. Revenue reached record levels for the fifth consecutive quarter, though the surge has created memory shortages in the semiconductor supply chain. The stock hit a new intraday record high on Thursday.

    What's confirmed:

    • Micron revenue rose from $9.3 billion a year earlier to $41.46 billion.
    • The company reported a 346% jump in sales.
    • Micron has reached record revenue for five straight quarters.
    • The stock reached a new intraday record high on Thursday, its 40th of 2026.
    • Micron's market value has overtaken Meta.

    Still unconfirmed:

    • Micron's rise is straining the credulity of tech giants.
    • Micron's blowout earnings are a headache for Apple.
    • Memory chip stocks historically crash following periods of peak demand.
    confidence 90%