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Posted by
Two Blokes Jul 1 -
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Stock
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Micron Technology crushed Q3 profit estimates, driven by surging AI-fueled demand for high bandwidth memory (HBM) in the data center market. HBM demand is soaring in tandem with GPU demand, leading to record sales, margin expansion, and a projected $10 billion annual operating profit run-rate. Micron trades at a steep discount to AI peers despite the fastest anticipated profit growth, making the stock very attractive at current levels.
