AI-Driven Memory Boom Spurs Record Capex for Micron, Benefits Lam Research
TL;DR Summary
Micron Technology posted a blowout fiscal Q3 2026 as DRAM and NAND demand far outpace supply, with revenue up 346% year over year and EPS surging more than 1,200%. Management projects capex of about $27 billion for fiscal 2026, likely rising above $40 billion in fiscal 2027, as AI workloads keep memory demand strong into the next decade. This tight memory market also supports Lam Research, a key memory-fab equipment supplier, contributing to an upbeat outlook for AI infrastructure stocks.
Topics:business#ai-demand#capital-expenditure#lam-research#memory-shortage#micron-technology#technology
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