{"id":759050,"date":"2026-06-24T23:56:10","date_gmt":"2026-06-24T23:56:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/759050\/"},"modified":"2026-06-24T23:56:10","modified_gmt":"2026-06-24T23:56:10","slug":"the-memory-chip-crunch-is-paying-off-for-this-us-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/759050\/","title":{"rendered":"The memory chip crunch is paying off for this US company"},"content":{"rendered":"\n

The AI boom has fueled dozens of new startups and minted a new class of billionaires. It has also produced a serious shortage of memory chips \u2014 a critical component for compute-hungry AI models \u2014 which some predict could persist through 2027<\/a>. <\/p>\n

This era of RAMageddon<\/a> isn’t just a corporate problem. As demand spikes and squeezes supply, prices are rising and trickling down to consumers. Apple CEO Tim Cook warned just a week ago that price increases<\/a> for its products are unavoidable. <\/p>\n

But amid this Mad Max-esque fight for memory chips, some companies are coming out ahead. Micron, the largest U.S. computer-memory chip maker \u2014 with a market cap of $1.2 trillion \u2014 is one of them. That hasn’t always been the case. The company’s shares were trading around $83 in early 2024 (with a market cap of about $91 billion) and closed today at $1,048.51. <\/p>\n

The company reported third-quarter earnings<\/a> after markets closed Wednesday, and the results sent shares soaring more than 13%. Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company’s profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year. <\/p>\n

The Idaho-based company also gave investors a positive outlook, forecasting fourth-quarter revenue of between $49 billion and $51 billion. <\/p>\n

The strong results arrive the same week Micron inked a deal<\/a> to supply AI lab Anthropic with memory and storage chips. Micron also disclosed that it participated in Anthropic’s Series H funding round, though it didn’t disclose how much it invested. <\/p>\n","protected":false},"excerpt":{"rendered":"The AI boom has fueled dozens of new startups and minted a new class of billionaires. It has…\n","protected":false},"author":2,"featured_media":759051,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[14949,45,49,48,88,7012,12302,85210,50078,215796],"class_list":["post-759050","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-boise","tag-business","tag-ca","tag-canada","tag-commerce-department","tag-idaho","tag-memory","tag-memory-chips","tag-micron-technology-inc","tag-semiconductor-production"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/759050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=759050"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/759050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/759051"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=759050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=759050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=759050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}