Micron stock soars after blowout earnings expose AI's memory bottleneck

The AI memory scare ran straight into Micron's (MU) profit machine on Wednesday, sending its stock surging as much as 19% Thursday to a fresh intraday record high — its 40th of 2026.

The stock has since pared gains, but the quarter itself was a blowout. Micron topped Wall Street's estimates and offered a stronger-than-expected outlook.

Micron and SK Hynix (000660.KS) had been two of the cleanest ways to trade the AI memory boom this year, both crushing the broader chip index before this week's sell-off.

But on Tuesday, the Philadelphia Semiconductor Index (^SOX) had its second-worst day of the past year, while Micron had its worst day since the depths of the "Liberation Day" sell-off in April 2025.

The company posted record revenue, record gross margin, and record earnings for Q3, then said it has signed 16 strategic customer agreements designed to lock in supply over several years. For a business known for boom-and-bust swings, that is the bigger story. AI customers are not just buying more memory — they are trying to secure access to it.

Revenue hit $41.5 billion, well above expectations. Adjusted earnings came in at $25.11 per share. Gross margin reached 84.9%, topping esti

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/article/micron-stock-soars-after-blowout-earnings-expose-ais-memory-bottleneck-204039376.html)