Yong Social Finance

Three years ago, few investors would have predicted this turnaround. Micron Technology was losing money. The memory chip maker was dealing with weak demand, falling prices, and an industry known for painful boom-and-bust cycles. Today, the story looks completely different. Micron has become one of the most profitable companies in the United States, riding a wave of artificial intelligence demand that shows little sign of slowing down. The company's transformation highlights one of the most important realities of the AI revolution. Building powerful AI systems is not just about software. It is also about the hardware that makes everything possible. Memory chips have become one of the hottest commodities in technology. Right now, there simply are not enough of them to go around. The AI Gold Rush Needs More Than Powerful Processors When people think about AI hardware, they often think about graphics processing units, commonly known as GPUs. Those chips get most of the attention. Memor...