NVIDIA and Micron Report Massive Growth From AI Expansion

NVIDIA Corporation and several key memory partners reported massive financial growth driven by the accelerating buildout of artificial intelligence infrastructure. NVIDIA Corporation recorded revenue growth of 85.23%, with its Data Center segment increasing 92% year-over-year. The company also authorized a new $80 billion share buyback program.

Micron Technology reported fiscal Q3 revenue of $41.46 billion, representing a 345.7% year-over-year increase and marking seven consecutive quarters of earnings per share beats. Similarly, SanDisk Corporation saw its Q3 FY26 revenue jump 251.03% to $5.95 billion, while its Datacenter segment grew 645% year-over-year.

Executives attribute these gains to long-term strategic shifts in the industry. Jensen Huang described the current AI buildout as "the largest infrastructure expansion in human history," while Micron leadership noted that strategic customer agreements are securing long-term durability for their growth.