Micron CFO Highlights Nvidia Partnership and AI Demand in Strong Q3 Outlook

Micron Technology's recent third-quarter results showed strong demand and robust performance driven by pricing execution and advanced memory products for data centers, with CEO Sanjay Mehrotra highlighting investments in high-value DRAM and NAND technology and broad-based growth across sectors like automotive and embedded systems. Despite these strong fundamentals, investors expressed curiosity about the stock's price decline, which some analysts attribute to mixed market reactions despite the company's solid financials. Industry analysts underscore Nvidia's critical role as a major buyer of Micron's memory products, linking Micron's pricing power and sustainability of the current cycle to Nvidia's AI server dominance. However, some investment firms, while acknowledging Micron's potential, believe other AI stocks may offer higher returns with less downside risk. Meanwhile, Accenture reported solid revenue growth attributed to AI-driven transformations but faced market skepticism due to earnings per share missing expectations, highlighting early-stage enterprise AI adoption requiring significant investment. Across these developments, both Micron and Accenture reflect the broader tech sector's transition toward AI, with significant implications for investor confidence and market valuations.