What AI Bubble? This Chip Stock Just Said the AI Boom Is Alive and Well

The rumors of an AI bubble have been exaggerated, it seems.Just hours after Oracle (ORCL 5.40%) fanned concerns about an AI bubble, investors were singing a different tune thanks to Micron's (MU 2.98%) first-quarter earnings report.The memory-chip leader crushed analyst estimates in its after-hours report on Wednesday, offering a forceful case that the AI boom is alive and thriving. Micron's revenue jumped 57% in the first quarter, accelerating from its previous quarter to $13.6 billion, which was well ahea ...