The memory chip crunch is paying off for this US company
45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1. 88 billion to an incredible $28.
Key Takeaways
- memory chip crunch is paying off for this US company The AI boom has fueled dozens of new startups and minted a new class of billionaires.
It has also produced a serious shortage of memory chips - a critical component for compute-hungry AI models - which some predict could persist through 2027 .
- As demand spikes and squeezes supply, prices are rising and trickling down to consumers.
Apple CEO Tim Cook warned just a week ago that price increases for its products are unavoidable.
- computer-memory chip maker - with a market cap of $1.
- The company reported third-quarter earnings after markets closed Wednesday, and the results sent shares soaring more than 13%.
The Idaho-based company also gave investors a positive outlook, forecasting fourth-quarter revenue of between $49 billion and $51 billion.
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Stats & Key Facts
- #45 billion compared with the same period a year ago.
- #The company's profit, meanwhile, rose from $1.
- #88 billion to an incredible $28.
- #45 billion compared with the same period a year ago.
memory chip crunch is paying off for this US company The AI boom has fueled dozens of new startups and minted a new class of billionaires. It has also produced a serious shortage of memory chips - a critical component for compute-hungry AI models - which some predict could persist through 2027 . This era of RAMageddon isn't just a corporate problem.
As demand spikes and squeezes supply, prices are rising and trickling down to consumers. Apple CEO Tim Cook warned just a week ago that price increases for its products are unavoidable. But amid this Mad Max-esque fight for memory chips, some companies are coming out ahead.
computer-memory chip maker - with a market cap of $1. That hasn't always been the case. The company's shares were trading around $83 in early 2024 (with a market cap of about $91 billion) and closed today at $1,048.
For more details please read the original article at TechCrunch AI.
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