Micron (MU) blew it out of the water on its earnings day late Wednesday.
The main headline is that the memory chipmaker beat sales and profit forecasts for the quarter on voracious demand from the AI boom. Guidance was also strong, except for margin comments on the earnings call (which may be causing a muted premarket reaction).
But keep Micron’s quarter in context.
Consider this: Micron added about $43 billion in sales in the most recent quarter compared to the year-ago quarter. That’s massive. Operating margins exploded in all business segments.
The market is forward-looking, so
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