Wall Street praised Micron's stellar Q1 earnings. Morgan Stanley said the results were among the biggest surprises in the history of the chip sector.

The chip maker has been a victim of souring AI sentiment lately, but its upbeat outlook has Wall Street feeling better about the path forward.

Micron's revenue and profit soared in the most recent quarter, driven by a memory chip shortage and booming demand. Some AI stocks shook off bubble concerns and soared on Thursday after memory chip maker Micron blew past earnings estimates and predicted ...

Micron, one of the three biggest memory suppliers in the world, forecasts rough months ahead for the global RAM supply. As part of its earnings report released on Wednesday, Micron CEO Sanjay Mehrotra said “tight industry conditions” across DRAM and NAND flash memory are expected to “persist through and beyond” 2026 as AI drives up demand.

Micron Technology's shares rose 9% in premarket trading on Thursday after the U.S. chipmaker delivered an outsized quarterly profit forecast, underscoring its leadership in the high-bandwidth memory chips market as prices surge.

MU's quarterly revenue growth stood at 46.0%, compared to AMD's 35.6%. Furthermore, its revenue growth over the last 12 months was 48.9%, outpacing AMD's 31.8%. MU's LTM margin is superior: 26.2% compared to AMD's 9.4%.

Micron Technology (NASDAQ:MU) reported its fiscal first-quarter 2026 results yesterday after the market closed and delivered a record-setting performance, while also trouncing Wall Street’s estimates.

The AI gold rush is creating shortages for memory chips that could raise prices for all sorts of gadgets.

This surge is primarily fueled by the boom in Artificial Intelligence (AI) infrastructure and its wider impact on the memory market.

Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.