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Micron Technology surged after posting historic fourth-quarter earnings that demolished Wall Street expectations, fueled by an unprecedented artificial intelligence memory bottleneck. Adjusted earnings reached 33.42 dollars per share on revenue of 54.23 billion dollars, representing a massive 379.1 percent year-over-year increase driven by pure pricing power rather than volume. With core data center revenue hitting 18 billion dollars and cloud memory reaching 16.28 billion dollars, Micron delivered next-quarter revenue guidance of up to 63 billion dollars, easily beating consensus estimates and reinforcing its Strong Buy quant rating.
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