Micron revenue triples to $23.9 billion as AI high-bandwidth memory demand drives a 15-fold profit jump

FT: Micron just reported a 15-fold profit jump because AI servers are now short of high-bandwidth memory, the stacked memory that keeps GPUs fed with data.

The shortage gives Micron rare pricing power, with adjusted gross margin reaching 84.9%, compared with 39% a year earlier.

---

ft .com/content/9b739203-3274-43f1-b61e-c1905061d32a

Calling $MU a secular growth play is the peak of retail delusion. You are ignoring the brutal cyclicality of DRAM pricing and the massive supply-side response currently being baked into the capex cycle. When the HBM market inevitably hits an inventory glut and these massive build-outs go online, the margins you are bragging about will evaporate into a sea of red. This is classic cycle-top promotion for people who do not understand how long-term capital intensity kills equity premiums in a high-rate environment. Tell me how you hedge against a multi-year manufacturing recession when the supply-demand balance flips from scarcity to total structural overcapacity

@APompliano Bro, MU is printing money while the pessimists are still crying about the last cycle. Ride the wave or get left behind.

@APompliano As long as AI prosper these companies will continue to reap the benefits

@APompliano The AI memory supercycle is just getting started. When hyperscalers are dropping $700B+ on data centers, every dollar runs through memory chips and Micron is the only American company doing it at scale. $MU isn't riding a wave, it's building the ocean. 🚀

@APompliano MU's stock performance is very strong, and the earnings data are excellent.

@APompliano Do you think the next leg up for $MU comes when the pessimists finally capitulate?

When revenue triples and margins double, the fundamentals tend to speak for themselves eventually.

Tripling revenue while doubling margin is the kind of move that separates a genuine AI infrastructure play from the hype stocks.

The pessimists have a point though. Memory is viciously cyclical, and HBM demand could plateau faster than the bulls expect if hyperscaler capex slows or Chinese competition floods the market.

But right now, Micron is printing money on chips that literally cannot be made fast enough for Nvidia and the data centre build out. The margin expansion is the tell, it means pricing power, not just volume.

If this is unsustainable, it will show in inventory builds and ASP pressure first. Until then, the fundamentals are doing the talking.

@APompliano 1st GPUs...now memory...nxt networkng...AI is lifting the whole stack, not just 1 company

@APompliano Micron revenue tripled, margins doubled—fundamentals are strong, but the bears think it's unsustainable. Trillions in tech hanging in the balance.

@APompliano My investment strategy

⬇️

@APompliano this ai memory boom aids crypto infra growth

@APompliano That’s real growth there.

@APompliano Revenue tripled, margins doubled, and UK investors who held $EQQQ through the selloff earlier this week own a slice of this without picking the stock. That's the passive investing argument in one chart.

@APompliano it's purely due to fantastic fundamentals that our algo flagged it as #1 stock in April when it was at 366

@APompliano Hmm.. I guess we’d just keep watching

@APompliano Real hardware, real growth. Watching closely.

@APompliano I will be sharing my trading strategies on WhatsApp. Join for free right now!

➡️ Copy the keyword“Stock”send it to WhatsApp: +17039209016

Receive 5–10 precise trading signals daily. Guaranteed 90% accuracy. The Last Two Spots👇

@APompliano I will not charge any fees; I publish all trades for free. I share my real-time buy/sell TRADE alert on WhatsApp, free to join ✅

➡️Copy search input Reply “TRADESTRATEGY” to WhatsApp: +16282940025

@APompliano I share my real-time TRADE alert (entry & exit points) on WhatsApp, free to join ✅

➡️Copy search input Reply “TRADE” to WhatsApp: +16267761474 🎥 - DAILY LIVE TRADING 📖 - TRADE RECAPS ☢️ - PERSONAL STRATEGY