Micron Technology Inc. (MU) reported a projected revenue of $35.5 billion (+/- $750 million) for Q3 2026, driven by increasing demand for AI memory chips. The company benefits from a surge in AI capital expenditures, with major hyperscalers expected to increase their budgets from $750 billion in 2026 to over $1 trillion by 2027. Micron has also seen a significant need for advanced Flash memory technologies like DRAM and NAND, essential for AI operations.
Dell Technologies Inc. (DELL) experienced a remarkable 757% increase in server sales powered by AI chips, reporting revenues between $44 billion and $45 billion expected for Q2 2027. The global AI server market, valued at $194.62 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 34.73%, reaching approximately $2.85 trillion by 2034, indicating strong demand for Dell’s AI-optimized products.
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