$MU had a blockbuster Q4 that smashed expectations. Adjusted EPS: $33.42. Revenue: $54.23B, up 379.1% YoY. The growth came from pricing power, not volume. Cost of goods sold rose just 4%, which points to an AI memory bottleneck. Cloud memory revenue hit $16.28

$MU had a blockbuster Q4 that smashed expectations. Adjusted EPS: $33.42. Revenue: $54.23B, up 379.1% YoY. The growth came from pricing power, not volume. Cost of goods sold rose just 4%, which points to an AI memory bottleneck. Cloud memory revenue hit $16.28B and core data center sales reached $18B. Q1 guidance: up to $63B vs. $57.4B consensus. Seeking Alpha Quant Rating: Strong Buy. Is the AI memory squeeze just getting started? ▻