Micron is the New Nvidia, it Just Changed the AI Game
Micron is taking pre-emptive action by locking in long-term supply deals with fixed price ranges, hoping to keep its big customers on side. But companies such as Microsoft and Google-parent Alphabet are under stock market pressure to show they can control their AI spending, which means at the very least they will be investigating ways to reduce the amount they are paying to Micron.Micron has taken the AI stock crown. But as Nvidia has found, being on top makes you a target.-- Adam ClarkGet more of the journalism you love. Choose Barron's as a preferred source in Google.Micron Smashes Expectations. The Chip Shortage Continues.Micron Technology revenue quadrupled in the second quarter, and the chip maker said the demand-driven chip shortage will last beyond 2027, a year after previous guidance that the shortage would end early next year. Micron has 16 long-term deals to supply chips.-- The stock surged more than 15% in after-hours trading after the company. beat Wall Street's expectation