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so micron just cracked the trillion-dollar club, and the numbers explain why. q3 revenue hit $41.46 billion, up from $9.3 billion a year ago. that's roughly 345% growth, basically a full repricing of what memory is worth. operating margin came in at 81 percent, wild for a company that used to be a brutal cyclical.
the driver is HBM, the memory sitting next to nvidia's gpus. it's sold out, and management can only meet about half to two thirds of demand into 2028. still memory though, so if hynix and samsung flood supply, pricing power could fade fast.
#MicronOvertakesMetaInMarketValue