Micron sees future opportunities in humanoid robots, self-driving cars

Key Points:

• Micron (MU) has seen a dramatic surge in revenue and stock price due to its memory and storage chips being essential for AI-powered data centers, reporting Q4 earnings per share of $33.42, up 1,002% year-over-year, and revenue increasing 379% to $54.23 billion.
• CEO Sanjay Mehrotra highlighted the growing opportunity in physical AI applications, such as self-driving cars and humanoid robots, which require significantly higher memory and storage capacities.
• Autonomous vehicles at level 4 and above demand more than 200 gigabytes of memory and multiple terabytes of storage, a substantial increase compared to current semi-autonomous vehicles, indicating rising future demand for Micron's products.
• The expansion of physical AI into humanoid robots and other intelligent systems could become a major driver of memory and storage demand by the end of the decade, despite current humanoid robot sales remaining modest at around 7,000 units globally in 2025.
• Several companies, including Tesla, Boston Dynamics, Unitree Robotics, and Agility Robotics, are developing humanoid robots, signaling potential growth in this emerging market segment.