Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
Micron is up over 500% in the past year as the company benefits from soaring AI demand.
TL;DR
- Micron's stock has increased by over 500% in the last year.
- The company is benefiting from a surge in demand for AI.
- Soaring AI demand is the primary driver of Micron's recent stock performance.