The Information — AI · · 1 min read

Revenue Quintupled at AI Memory Maker Micron

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Memory maker Micron said revenue nearly quintupled to $54.2 billion in the quarter ending Sept.3, as demand for high-bandwidth memory hardware for AI chips showed no sign of slowing down.

Micron’s gross margin nearly doubled to $86.8%, thanks to its price hikes, allowing it to generate an ...

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