Microsoft Earnings and Micron's 'Sold Out' Signal AI Demand Holds Across the Stack

Microsoft's July 29 earnings eased fears that AI spending outruns revenue. Separately, Micron jumped 12% after calling its AI memory "more than sold out." Together, they suggest AI demand stays intact from chips to cloud. Specific revenue, EPS (earnings per share), and capex (capital expenditure) figures remain unverified.