Shares of AI infrastructure giants Super Micro Computer (SMCI) and Micron Technology (MU) surged this week, reflecting explosive demand for data-center and memory solutions tied to artificial intelligence. The rally is fuelling positive sentiment across the broader tech sector and could spill over into AI-focused cryptocurrencies.
Super Micro Computer saw its stock jump 16.86% in after-hours trading following unaudited third-quarter fiscal 2026 results. The company reported revenue of $10.2 billion and a net income of $483 million, with gross margin improving to 9.9%. The standout figure was a record order backlog exceeding $60 billion, signaling sustained demand for its data-center infrastructure solutions. CEO Charles Liang emphasized the company’s transformation into a total datacenter provider, highlighting robust margin recovery and the ramp-up of new US manufacturing facilities in Silicon Valley.
Meanwhile, Micron Technology surged over 10% after Bank of America added the chipmaker to its “Best Investment Ideas” list and raised its price target to $1,550. Analyst Vivek Arya described Micron’s fiscal Q3 2026 update as “another memorable beat” and stressed that memory is now a structural growth area, representing 35–40% of cloud AI spending—roughly two to three times historical levels. Tight supply of high-bandwidth memory (HBM), a critical component for AI chips, is expected to persist through at least 2027, supporting pricing and margins. UBS analysts even forecast that Micron could buy back more than 40% of its shares by the end of 2028, citing over $400 billion in projected free cash flow.
Both earnings updates reinforce the notion that AI infrastructure investment remains a dominant global trend. This macro tailwind is increasingly drawing attention to blockchain projects that merge artificial intelligence with decentralized networks. Tokens such as Fetch.ai (FET), Render (RNDR), and Bittensor (TAO) could benefit from the heightened focus on AI-driven innovation, as investors look for crypto-native exposure to the same technological revolution powering SMCI and MU’s growth.
