"Micron Technology delivered fiscal Q1 revenue of $13.64 billion, up 56.6% year over year, with non-GAAP EPS of $4.78 against a $3.94 consensus. Cloud Memory revenue nearly doubled to $5.28 billion at 66% gross margins, and management guided next quarter to $18.70 billion in revenue with $8.42 EPS."
"Broadcom reported AI semiconductor revenue of $8.40 billion last quarter, up 106% year over year, with management guiding $10.70 billion for next quarter and CEO Hock Tan targeting $100 billion in AI sales by 2027."
AMD is viewed as a crowded alternative to Nvidia in AI GPUs, but the real investment opportunities are in memory and custom silicon suppliers. Micron Technology reported significant revenue growth, positioning itself as a key player in AI memory solutions. Broadcom also showed impressive revenue growth in AI semiconductors, focusing on custom accelerators and switches. These companies are essential for the AI ecosystem, as they provide critical components that support various GPU vendors without relying on market share dynamics.
Read at 24/7 Wall St.
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