AI memory demand

Micron is increasing its U.S. investment to $250 billion to meet AI memory demand, adding $50 billion to its domestic spending commitment. The company began construction at its New York fabrication facility ahead of schedule.

Micron's quarterly revenue reached $41.46 billion, with guidance for $50 billion next quarter due to increased AI-driven memory demand. The chipmaker's revenue and earnings hit record levels as AI memory demand accelerates.