Micron Locks in Historically High Memory Prices for Five Years
Micron’s latest quarter showed 84.9% gross margin, driven by AI infrastructure demand for high-bandwidth memory, as shares rose 15%, analysts said.
5 Articles
5 Articles
Micron locks in historically high memory prices for five years
Memory-maker Micron has found a way to keep prices for its products sky-high for another five years, by signing 16 “strategic customer agreements” (SCAs) that include a floor price the company says comes with “a very robust gross margin for Micron, well above our peak quarterly margins in any past cycle.” Micron CEO, president and chairman Sanjay Mehrotra explained the SCAs in prepared remarks delivered during the company’s Q3 earnings call. He …
Memory chip maker Micron Technology reported fiscal third-quarter results that far exceeded Wall Street expectations. The company's financials were boosted to record highs by the artificial intelligence (AI) boom and a persistent memory chip shortage, and its shares rose about 15% after the results were released.
Micron is tech’s new margin king as memory crisis pushes company past Nvidia and Meta
In this article MU Follow your favorite stocksCREATE FREE ACCOUNTPeople visit the Micron booth during the 7th China International Import Expo at the National Exhibition and Convention Center in Shanghai, Nov. 5, 2024.Vcg | Visual China Group | Getty Images As Micron customers try and adjust to a new reality of constantly rising memory prices, investors in the company are enjoying historic profit margins. Alongside its better-than-expected earni…
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