The memory chip crisis is bearing fruit for this American company

The AI ​​boom has fueled dozens of new startups and created a new class of billionaires. It has also produced a serious shortage of memory chips — a critical component for compute-hungry AI models — that some predict may persist. Until 2027.

This era of Ramageddon It’s not just a corporate problem. As demand rises and supply shrinks, prices rise and are passed on to consumers. Apple CEO Tim Cook warned just a week ago Price increases Because their products are unavoidable.

But amid this Mad Max-like battle for memory chips, some companies are stepping up. Micron, the largest American manufacturer of computer memory chips – with a market value of $1.2 trillion – is one of these companies.

The company stated Third quarter earnings After markets closed on Wednesday, the results sent shares up more than 13%. Revenues quadrupled to $41.45 billion compared to the same period last year. Meanwhile, the company’s profits rose from $1.88 billion to $28.2 billion year over year.

The Idaho-based company also gave investors a positive outlook, forecasting fourth-quarter revenue to range between $49 billion and $51 billion.

Powerful results arrive within the same micron week I signed a deal To supply the Anthropic AI Laboratory with memory and storage chips. Micron also revealed its participation in Anthropic’s Series H funding round, although it did not disclose the amount it invested.