Micron’s Blowout Quarter Signals Edge AI Upside for Major Chip Makers

Micron posted a blowout quarter with revenue up about 346% and EPS up more than 10x, alongside gross margins near 85% and operating margins around 80%. The memory shortage is expected to persist through 2028, lifting memory prices and benefiting peers across the chip field. Management highlighted edge AI as a major growth driver, projecting increased memory demand in PCs and smartphones as AI expands beyond data centers. If edge AI accelerates, Intel, AMD, Arm, and Qualcomm could see a boost as AI-enabled devices become more prevalent in smartphones, PCs, and other gear.