Micron’s latest quarter was blowout print driven by AI data-center DRAM and HBM, with big step-ups in revenue, margins, and EPS versus both last year and last quarter. Mix now decisively data-center/AI with HBM and DDR5/HBM3E doing most of work. Management guiding to further sequential growth and >50% GM next quarter. However, Micron’s earnings pose risk to AI ecosystem as they bring up bill of materials for data center construction.
Key Levels: Support at 24,649.30 | Resistance at 25,816.50
Investor Takeaway: RSI below MA line trending downward with MACD selling pressures; strong Micron results highlight rising data center costs threatening AI economics.
