**Micron Technology, Inc. (MU) reported significant growth in its second quarter of fiscal 2026, with revenues reaching $23.86 billion, marking an increase of nearly 196% year-over-year and 75% sequentially. This surge was primarily driven by soaring demand for DRAM, particularly high-bandwidth memory (HBM), essential in artificial intelligence (AI) systems. DRAM revenues alone grew 207% year-over-year to $18.8 billion, constituting 79% of the total revenue.**
**The company expects high-teens percentage growth in DRAM bit demand for 2026, supported by limited supply additions until 2028 and continued investments in AI infrastructure. The Zacks Consensus Estimate for fiscal 2026 DRAM revenues stands at $85.97 billion, indicating a projected 201% year-over-year increase.**
**Micron’s performance is closely linked to AI infrastructure leaders NVIDIA Corporation (NVDA) and Advanced Micro Devices, Inc. (AMD). NVIDIA’s data center revenues climbed 92% year-over-year to $75.25 billion, while AMD’s data center revenues increased 57% to $5.78 billion. Both companies’ growth in AI capabilities is expected to drive sustained demand for Micron’s DRAM products.**
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