Micron net profit jumps 1078%; CEO says memory supply to tighten further, sees no end to imbalance

Micron reported net profit up 1078% and said it has signed 26 long-term supply contracts. The CEO said memory supply will be even tighter next year and the year after and that he sees no end to the return to balance; 75% of 2027 capacity is already sold, with physical AI as the next growth driver.

Detected & updated continuously · Source: Nebula