Micron Technology Inc. kicked off its biggest single-day stock gain in more than eight months after delivering an upbeat forecast for the current quarter, signaling that surging demand and supply shortages are allowing the memory-chip maker to charge more for products.

Wall Street praised Micron's stellar Q1 earnings. Morgan Stanley said the results were among the biggest surprises in the history of the chip sector.

Anita Ramaswamy, columnist at The Information, joins Marketplace’s Meghan McCarty Carino for this week’s Tech Bytes: Week in Review.

Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, as prices soar for memory chips amid tight supplies and booming demand from artificial intelligence data centers.

MU's quarterly revenue growth stood at 46.0%, compared to AMD's 35.6%. Furthermore, its revenue growth over the last 12 months was 48.9%, outpacing AMD's 31.8%. MU's LTM margin is superior: 26.2% compared to AMD's 9.4%.

U.S. stocks are rising following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year.

Micron reports a strong Q1 and issues upbeat guidance for the future. MU shares are trading at an attractive valuation heading into 2026.

Micron is one of the best AI stocks to hold as the artificial intelligence revolution continues its data buildout. Click here to see our MU earnings deep dive.

Micron Technology (NASDAQ:MU) reported its fiscal first-quarter 2026 results yesterday after the market closed and delivered a record-setting performance, while also trouncing Wall Street’s estimates.

Micron’s dramatic beat has analysts feeling upbeat about the company’s ability to be a huge beneficiary of the AI boom.