Micron Crushes Earnings: Is a Stock Split Next? - Yahoo Finance

Micron Technology delivered exceptional Q3 earnings, with revenue soaring from $9.3 billion to $41.5 billion and adjusted EPS jumping from $1.91 to $25.11. The surge is driven by strong demand in both... Read original →

Micron's earnings surge reflects hard demand from AI infrastructure, not speculation. Technically, HBM3E/HBM4 adoption is straining TSV and CoWoS packaging capacity, raising BOM costs for NVIDIA and others. On compliance, U.S. export controls shield Micron short-term but accelerate HBM ecosystem localization in Taiwan, China and Korea, eroding its long-term pricing power. With SK Hynix and Samsung closing the HBM4 yield gap, Micron may need to loosen IP licensing to lock in customers. Even if AI capex cools, enterprise SSDs and edge AI will sustain memory demand over the next 12–24 months. A stock split isn't just about retail access—it’s a liquidity imperative signaling disciplined market-cap governance.