AI-fueled demand sets Micron up for strong Q3 results

Micron is scheduled to report its Q3 earnings after the bell as AI-driven data-center demand boosts memory-chip sales. Bloomberg consensus calls for EPS of $20.39 on revenue of $35.5 billion, with DRAM around $27.5 billion and NAND about $7.7 billion, and adjusted gross margins near 81.8%. The stock has surged roughly 862% over the past year, and a strategic memory-supply deal with Anthropic underscores AI-driven growth in the memory market.