Micron’s Revenue More Than Quadrupled. Here’s What Comes Next for the AI Chipmaker.
Micron’s business is booming. The bigger question is how long today’s memory shortage can keep delivering extraordinary growth.
Overview
Micron (NASDAQ:MU) just reported its Q4 numbers, and they look quite good. The memory chipmaker more than quadrupled its revenue year over year, a pretty incredible number, even for a chipmaker essential to the artificial intelligence (AI) boom.
Can Micron keep up this kind of pace? And what should investors expect from the company moving forward?
Details
The company managed to exceed Wall Street's expectations on their top and bottom lines. The street expected earnings of $31.61 per share on 51.07 billion, the company delivered earnings of $33.42 per share on sales of $54.23 billion.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.