News Summary

• Markets have been on edge about the AI investment boom.
• But earnings from the biggest u.s. memory chip maker, Micron, signal no end in sight to demand for the microchips at the heart of it all.
• With hundreds of billions of dollars flowing into AI, demand for memory chips has skyrocketed.
• The companies that make these chips can't make enough, and chip prices have surged, too.
• The one-two punch of insatiable demand and sky-high prices pushed Micron's quarterly profits up nearly 15-fold.