Nvidia's CFO Comments May Signal Continued Demand for Micron Memory Chips
Micron Technology (NASDAQ: MU) is currently down 23% from its recent highs despite having surged nearly 700% in the past year due to strong demand for memory chips driven by AI growth. The company reported $41.4 billion in revenue during Q2 fiscal 2026, with gross margins reaching 85%, thanks largely to price increases rather than volume growth. On Nvidia's (NASDAQ: NVDA) latest earnings call, CFO Colette Kress indicated that memory chip shortages are expected to persist through at least the end of 2027. This could support continued strong performance for Micron as AI infrastructure demand remains constrained by supply limitations in key components like memory chips. Micron is projecting $50 billion in revenue for its most recent quarter and has seen operating margins climb to an impressive 80%. Analysts suggest that if current trends continue, the company could reach annual operating earnings of up to $200 billion within a year.
Topics: AI chips earnings call memory demand Micron Nvidia