Key Points
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Nvidia and Palantir have reported significant financial results during the current earnings season.
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Memory, particularly high bandwidth memory (HBM), is essential for AI infrastructure.
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Micron Technology, set to report on September 30, could see its valuation change due to increasing demand for memory in AI applications.
Recent Earnings Highlights
Nvidia’s latest earnings report revealed a total revenue of $96.2 billion, more than double that of the previous year, with data center sales at $89 billion—a 117% year-over-year increase. Palantir announced a 93% rise in revenue to $1.9 billion, with U.S. commercial sales skyrocketing 149% year-over-year to $764 million. Their strong growth signals a robust AI market.
Micron’s Position in the Market
Micron, which reports its fiscal 2026 fourth-quarter results on September 30, is projected to achieve $50.8 billion in revenue and $31.28 in earnings per share. As one of only three companies producing necessary memory types at scale, Micron’s stock remains modestly priced despite the surge in AI-related demand, indicating potential for growth as the sector evolves.
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