Thursday, 1 October, 2026
Memory Boom: Micron Shatters Expectations on AI Demand
By TechShots Studio
Micron Technology blew past Wall Street expectations, forecasting first-quarter revenue of around $61.5 billion—well above estimates of $57 billion—driven by insatiable demand for artificial intelligence memory chips. The memory giant also reported a massive backlog, confirming that high-bandwidth memory supplies are largely sold out for 2027 as the data center infrastructure buildout continues to accelerate.