Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips

Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips

Memory chipmaker Micron Technology Inc. predictably delivered another blowout quarter in its latest financial results, with no sign of a slowdown in the demand for artificial intelligence infrastructure.

The company reported fiscal fourth-quarter earnings before certain costs such as stock compensation of $33.42 per share, coasting past Wall Street’s target of $31.61 per share. Revenue for the period increased by a staggering 379% to $54.23 billion, well…