Micron stock jumps 10% as soaring prices from memory crunch lead to quadrupling of revenue

Micron Technology’s shares jumped 10% in after‑hours trading on Tuesday, driven by a report of record quarterly revenue that the company said had quadrupled versus the prior period. The earnings release listed a $41.5 billion quarter, far above Wall Street forecasts, and the firm announced a dividend.

Coverage highlights the role of soaring memory prices and strong AI demand. Investopedia and the Wall Street Journal stress continued memory demand, while Forbes notes the $41.5 billion result and a 15% share spike. Bloomberg and CNBC report broader market lifts, with U.S. stock futures rising and chip stocks surging. Reuters links Micron’s outlook with Qualcomm’s forecasts, citing a potential $400 billion AI‑chip rally. TechCrunch calls the memory‑chip crunch a payoff for the U.S. company, and Yahoo Finance points to the dividend declaration.

Analysts will watch whether the revenue growth sustains as AI workloads expand and whether peers in the semiconductor sector repeat Micron’s performance. Future reports from Qualcomm and other AI‑focused chip makers are flagged in the Reuters piece as next points of market focus.