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More profitable than drug trafficking!!!
Storage leader Micron $MU released an explosive earnings report today.
Their Q3 revenue reached 41.4 billion, a year-over-year increase of 346%, with a net profit of 28.2 billion. Even more explosive is that their Q4 guidance hit 50 billion, exceeding market expectations by 15%. This is truly incredible.
This earnings report from the American company also alleviated short-term concerns about broad AI demand and earnings nearing their peak. This explosive report directly lifted the tech sector in after-hours trading.