Read original ↗
EnrichedStartupsTechCrunch AIOutletLive · 5d agoPublished 6/24/2026

The memory chip crunch is paying off for this US company

Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.

View in news graph →

Why it matters

This story from TechCrunch AI is relevant to the Startups branch of the AI ecosystem and may affect models, products, or research direction.

Technical breakdown

Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.

Business impact

Watch for product launches, funding moves, or policy shifts tied to this headline.