Micron crushes earnings with BTC buoyant above $87,000

Micron, a key supplier of memory chips for AI infrastructure, posted blowout first-quarter 2026 earnings, reversing recent market gloom surrounding the AI sector. The company reported revenue of $13.6 billion (up 57% year-over-year), with net income nearly tripling to $5.24 billion and diluted EPS reaching $4.60. Gross margins surged to 56%. AI-driven demand was the primary driver, with cloud memory revenue doubling. Management forecasts Q2 2026 revenue between $18 and $19 billion and stated they are effectively sold out of key AI memory products through 2026. Following the results, U.S. technology futures rose, and Bitcoin stabilized above $87,000, continuing the historical correlation between BTC and tech stocks centered around the AI narrative.

(Source：CoinDesk)