Micron conference call: AI will reshape storage into a "strategic asset"! To cope with shortages, it is necessary to spend money to build factories and sign the first 5-year long-term contracts, HBM4 directly supplies NVIDIA
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In its Q2 fiscal year 2026 earnings report, Micron Technology reported a nearly twofold year-on-year revenue increase to $23.9 billion, with a record gross margin of 75%. The company plans to exceed $25 billion in capital expenditures for fiscal year 2026, with construction expenditures in fiscal year 2027 expected to increase by over $10 billion. Investors have expressed concerns about the high spending and future cash flow. Micron stated that the demand for high-bandwidth memory driven by AI has forced it to increase investments and change its business model, and it has signed a long-term supply agreement with NVIDIA
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