Micron Technology Records Skyrocketing Profits Amid AI Demand Surge

Micron Technology's shares experienced an upturn following Tuesday's trading, spurred by the tech giant notching up its highest-ever quarterly sales. This is largely attributed to a sudden swell in the need for AI hardware. The semiconductor producer, which collaborates with Nvidia and Advanced Micro Devices, witnessed its share value nearly double in 2025, with an uptick of over 2% in after-market trading. For its fiscal fourth quarter, Micron reported a 46% YoY increase in revenue, amassing a record $11.32 billion. The company's adjusted earnings also surpassed earlier predictions by Visible Alpha at $3.03 per share, largely due to the growth of its data center business. As a primary supplier of memory for top AI chip makers, including Nvidia and AMD, Micron is primed to flourish along with the rapid trend of increasing AI technology. Micron CEO Sanjay Mehrotra stated, "In fiscal 2025, we marked unprecedented highs across our data center business and are stepping into fiscal 2026 with substantial momentum and our most robust portfolio yet. As the sole memory manufacturer based in the U.S., Micron is uniquely placed to seize the upcoming AI opportunities." In upcoming forecasts, Micron anticipates an adjusted Earnings Per Share ranging between $3.41 to $3.71 on a revenue of $12.20 billion to $12.80 billion for fiscal Q1, which exceeds consensus projections.