The memory chip crunch is paying off for this US company (opens original article in a new tab)

The memory chip shortage driven by the AI boom has benefited Micron, a U.S. memory chip manufacturer, with soaring stock prices and record revenues and profits.

• The AI boom has caused a memory chip shortage, leading to higher prices for consumers.
• Micron's stock price increased from $83 in 2024 to $1,048.51, with revenue quadrupling to $41.45 billion.
• Micron reported a significant profit increase from $1.88 billion to $28.2 billion year-over-year.