The Motley Fool·3 min read·medium
Micron's Data Center Gross Margin Hit 87% Last Quarter. Here's What It Means for the Stock.
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Daniel Sparks
✦AI Summary
Micron Technology reported record-breaking gross margins of 87% in its data center unit, driven by high demand for memory chips used in artificial intelligence. The company's revenue surged 346% year-over-year, signaling that memory has become a critical and scarce input for AI development.
Micron Technology ( MU 2.19% ) just reported a gross margin most software companies would envy, and it came from a business that stamps out physical memory chips. In its core data center unit, gross margin reached 87% last quarter.
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