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Micron's AI Memory Boom Crushes Intel's Foundry Losses: What Traders Need to Know

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Micron posted record 345.7% revenue growth and 84.6% gross margins driven by explosive HBM/AI memory demand, while Intel grew 25.4% but absorbed an $11B net loss from foundry struggles and CHIPS Act charges, highlighting divergent AI-cycle winners.
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210.32 +18.56% over the displayed period

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