Micron Technology (MU) surged 16% after blowout earnings and strong guidance - CoinDesk

Micron Technology surged 16% in premarket trading after reporting blowout Q3 earnings, significantly exceeding Wall Street estimates. The company reported Q3 revenue of $41.5 billion versus estimates ... Read original →

Micron’s revenue surge reflects the AI infrastructure arms race hitting a memory bottleneck. Soaring HBM demand is forcing TSMC to expand CoWoS capacity and accelerating Samsung and SK Hynix’s HBM4 development—rippling from chips into materials and equipment. Geopolitically, U.S. CHIPS Act 'guardrails' compel Micron to shift capacity to domestic and Indian fabs, raising capex; meanwhile, export controls on mature-node fabs in Taiwan, China could worsen DRAM supply fragility. In response, SK Hynix may leverage its planned $30B U.S. IPO to defend HBM share, while Western Digital (SanDisk’s parent) risks retreat from AI memory. Over the next 24 months, persistent HBM shortages will spur 'Memory-as-a-Service' models and draw sovereign wealth into RWA-linked digital assets, creating hidden synergy between AI hardware and on-chain infrastructure.