Micron’s Record Sales and AI-Driven Outlook Signal Strength in Tech Sector

Micron Technology reported record quarterly sales, with revenue surging 46% year-over-year to $11.32 billion. The memory chip maker's robust performance was fueled by soaring demand for AI hardware, particularly in its data center business. Shares climbed over 2% in extended trading, capping a year where the stock has nearly doubled in value.

The company's outlook for the current quarter exceeded estimates, reinforcing confidence in the AI trade. As a key supplier to Nvidia and Advanced Micro Devices, Micron's results serve as a bellwether for AI infrastructure demand. "We're entering fiscal 2026 with strong momentum and our most competitive portfolio to date," said CEO Sanjay Mehrotra, highlighting Micron's unique position as the only U.S.-based memory manufacturer.