Micron Technology reported record quarterly revenue, exceeding Wall Street forecasts for the May quarter. The company's strong performance is attributed to surging demand for its high-bandwidth memory (HBM) chips, driven by the growth of artificial intelligence applications. This news reinforces the positive outlook held by investors, who are increasingly optimistic about Micron's future prospects in the AI-driven semiconductor market. The results highlight the significant impact of AI on the memory chip industry and position Micron as a key player in meeting the growing demand.