Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow (opens original article in a new tab)

Micron reported strong Q3 earnings with revenue of $41.5 billion and EPS of $25.11, exceeding expectations, while AI memory shortages are expected to persist beyond 2027, causing crypto bulls to lose liquidity as AI sector gains momentum.

• Micron beat earnings expectations with $41.5 billion revenue and $25.11 EPS
• AI memory supply shortages expected to continue beyond 2027
• Micron shares surged 16% after earnings report
• AI sector gains boost from Micron's performance, affecting crypto liquidity