Micron's AI Boom Is a Utility Story Too. Here's the Power Angle Wall Street Isn't Pricing In.
Micron's AI boom is only part of the story. If you follow the power, you may find the next group of overlooked AI winners.
Micron Technology (NASDAQ: MU) has experienced remarkable growth recently, with a significant portion of this expansion tied to the artificial intelligence (AI) sector. The company's recent fiscal third quarter in fiscal year 2026 saw total revenue soar to $41.5 billion, marking a 346% increase year-over-year and achieving five consecutive quarterly records.
A substantial portion of this revenue, 76%, comes from DRAM sales, which have also surged by 343%. Moreover, annualized data center revenue now tops $100 billion, highlighting Micron's pivotal role in the AI infrastructure. Analysts are optimistic, with AI-driven demand for high-bandwidth memory (HBM) and high-performance dynamic random-access memory (DRAM) driving the upward trend in estimates.
Wall Street has yet to fully factor in the utility aspect of Micron's success, particularly the power-related challenges in AI infrastructure that Micron is uniquely positioned to address.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
