Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff | Fortune

Micron’s latest results underline how an “under-the-radar” chipmaker can still move global markets in the AI era. On Thursday, the memory chip company reported quarterly sales revenue up 346%, alongside profit of $28.2 billion, roughly 15 times higher than the same quarter a year earlier. The report beat analyst expectations and lifted Micron’s stock by nearly 16% in after-hours trading, before shares closed up 15% to $1,213. The jump helped stabilize sentiment after an earlier AI and tech selloff, with futures supporting the NASDAQ and S&P 500. Micron, now valued at $1.3 trillion, is one of the three largest memory makers worldwide with Samsung and SK Hynix. Article details its origins in 1978 in Boise, Idaho, founded by Ward and Joe Parkinson and two colleagues.