WS #10669
Micron reported Q3 revenue of $41.5B vs $35.7B consensus, EPS $25.11 vs $20.49, and guided Q4 revenue ~$50B; CEO says AI memory supply shortage has no end in sight beyond 2027; shares up 16% premarket, lifting AI memory stocks. IBM unveiled world's first sub-1nm chip technology (0.7nm node), claiming 50% better performance and 70% more energy efficiency than 2nm chip; production years away but significant for semiconductor industry. EU regulators move to designate Amazon AWS and Microsoft Azure as gatekeepers under tech rules, potentially imposing stricter compliance requirements.
Micron blowout earnings and AI memory demand
Micron reported Q3 revenue of $41.5B vs $35.7B consensus, EPS $25.11 vs $20.49, and guided Q4 revenue ~$50B; CEO says AI memory supply shortage has no end in sight beyond 2027; shares up 16% premarket, lifting AI memory stocks.
IBM unveiled world's first sub-1nm chip technology (0.7nm node), claiming 50% better performance and 70% more energy efficiency than 2nm chip; production years away but significant for semiconductor industry.
EU regulators move to designate Amazon AWS and Microsoft Azure as gatekeepers under tech rules, potentially imposing stricter compliance requirements.