Micron Reports Record $9.3B Q3 Revenue Driven by AI Memory Demand

Micron Technology reported record fiscal third-quarter 2025 results with $9.3 billion in revenue, surpassing previous guidance and driven by strong demand for AI-related memory products, particularly DRAM which accounted for 76% of revenue. Despite the strong earnings, Micron's stock dipped slightly in after-hours trading but remains significantly above its 52-week low. The company's high-bandwidth memory (HBM) chips, essential for AI computing and used by tech giants like Nvidia, are experiencing supply constraints amid surging demand, positioning Micron as a key player in the AI infrastructure boom. Nvidia shares are close to their all-time highs, and investors view Micron's upcoming earnings as a potential catalyst for Nvidia's stock to break out further due to their intertwined supply chain relationship. Analysts note that a strong Micron earnings beat and positive guidance would signal robust AI infrastructure demand and healthy supply chains, likely benefiting Nvidia's AI accelerator production capacity. However, rapid recent gains in Micron's stock raise concerns about possible post-earnings consolidation despite overall bullish sentiment on AI-driven growth.