NewsNTech
Micron is on track to become the third-most-profitable company in the United States, surpassed only by Nvidia and Alphabet's Google.
The engine behind the ascent is straightforward: Big Tech is paying astronomical prices for AI memory components, and that pricing power has produced a dramatic turnaround in Micron's finances.
A Profitability Ranking That Rewrites the Pecking Order For most of its history, Micron has been a cyclical commodity supplier — the kind of name a portfolio manager rotated into and out of on inventory signals, not a fixture near the top of any profitability league table.
The company is approaching a profit standing that places it above the bulk of U.S. megacaps, a repositioning driven entirely by the AI spending cycle that has reshaped capital allocation across the technology sector.
Keep reading