Micron Technology (MU.US) delivers stellar Q3 performance with revenue tripling and a gross margin of 84.9%, surpassing Nvidia, while Meta dominates the tech sector.
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The data was so robust that it astounded Wall Street. Not only did the company’s revenue and profits greatly exceed expectations, but its adjusted gross margin also soared to a record high of 84.9%, surpassing AI computing and internet giants like NVIDIA (NVDA.US) and Meta (META.US), earning the crown as the “King of Gross Margin” among major U.S. technology stocks.
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