Micron's net profit for 2027 is set to hit $136.7 billion, nearly matching Apple's forecast of $142 billion, significantly outpacing Amazon's expected net profit of $110.5 billion and Meta's $89.8 billion for the year.
This year, AI companies are projected to have $600 billion in capital expenditures, with half of that being raked in by storage companies, which are still high-margin products. The net profit nearing Apple's suggests an incredibly strong demand, and this might just be the beginning. Keep a close eye on Micron's earnings report dropping tomorrow.
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This year, AI companies are projected to have $600 billion in capital expenditures, with half of that being raked in by storage companies, which are still high-margin products. The net profit nearing Apple's suggests an incredibly strong demand, and this might just be the beginning. Keep a close eye on Micron's earnings report dropping tomorrow.
$MUB $SPCXB $BTC