Summary of Key Points from Micron Technology's Earnings Report
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Driven by demand for artificial intelligence (AI) servers and HBM, unit prices increased by approximately 65% quarter-on-quarter. 2. NAND saw strong growth: Revenue reached $5 billions, up 82% quarter-on-quarter. Enterprise SSDs (eSSD) significantly increased penetration in data centers, becoming the core growth engine. 3. Record-breaking financial performance across the board: Total revenue was $23.9 billions, marking the largest quarterly increase in history. All business units achieved record-high revenues, and quarterly dividends were raised by 30%. Expand Related articles: AI drives storage boom, Micron's last quarter revenue nearly doubled, this quarter's guidance far exceeds expectations, fiscal year spending expected to surge | Earnings Report Insights
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