Micron Surges on AI-Driven Earnings Beat, Cloud Memory Demand

Micron Technology shares climbed 3% following a stronger-than-expected fourth quarter, with adjusted earnings of $3.03 per share surpassing the $2.86 consensus. Revenue hit $11.32 billion, exceeding forecasts of $11.22 billion. The company's bullish first-quarter revenue guidance of $12.5 billion further outstripped analyst projections by nearly $1 billion.

Net income skyrocketed to $3.2 billion from $887 million year-over-year, fueled by soaring demand for high-bandwidth memory in AI systems. "As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity," CEO Sanjay Mehrotra emphasized. The stock has nearly doubled in 2025.

Cloud infrastructure providers drove Micron's standout performance, with segment revenue tripling to $4.54 billion. AI platforms' insatiable need for high-performance memory solutions continues to accelerate growth, positioning Micron as a critical enabler of Nvidia and other AI chipmakers' expansion.