FT: Micron just reported a 15-fold profit jump because AI servers are now short of high-bandwidth memory, the stacked me…

Rohan Paul Twitter · Rohan Paul (@rohanpaul_ai) · 2026-06-26

Micron Technology reports a 15-fold profit surge driven by acute AI server shortages of high-bandwidth memory, with adjusted gross margin jumping from 39% to 84.9% year-over-year.

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AI Demand Outpaces Moore's Law: Semiconductor Import Prices Hit Historic Highs

Extraction

Topics: high-bandwidth-memoryai-hardwaresemiconductorsai-infrastructure

Claims

Micron's profits increased approximately 15-fold due to AI server demand outstripping high-bandwidth memory supply.
The HBM shortage has granted Micron unusual pricing power in the memory market.
Micron's adjusted gross margin reached 84.9%, more than double the 39% recorded a year earlier.

Key quotes

Micron just reported a 15-fold profit jump because AI servers are now short of high-bandwidth memory, the stacked memory that keeps GPUs fed with data.