On Thursday, March 20, 2025, after the U.S. stock market closed, Micron Technology (NASDAQ: MU) announced its fiscal second-quarter financial results. These results pleased investors slightly, as evidenced by a 2% rise in aftermarket trading. Having recommended Micron stock as a **buy** for over a year, I was encouraged to see continued strong performance.

Micron Technology stands to benefit significantly from the AI boom. The first key question to consider is whether the business has improved, and the answer is a resounding yes. For Q1 2025, Micron's revenue nearly doubled from $4.7 billion in Q1 2024 to $8.7 billion. Additionally, the company swung from a net loss of $1 billion last year to a net profit of $2 billion this quarter.