Micron profit surges 15-fold, lifting AI stocks worldwide

Chipmaker Micron Technology posted a 15-fold increase in quarterly profit, signaling sustained demand for computer memory used in artificial intelligence systems. The strong earnings report boosted Micron’s shares and lifted Asian stock markets on Thursday. The company’s forecast for continued growth in memory chip sales reassured investors that the AI boom remains on track. Micron specializes in producing DRAM and NAND memory chips, essential components for data centers and AI computing. Analysts said the results suggest that demand from technology giants building AI infrastructure is not slowing down. Micron’s stock rose more than 5% in after-hours trading, and shares of other chipmakers also gained. The news helped push Japan’s Nikkei index and South Korea’s Kospi higher, as investors bet on sustained momentum in the semiconductor sector.