Apple reported strong fiscal first-quarter earnings, with record-breaking iPhone sales. CEO Tim Cook warned of rising memory prices impacting gross margins in Q2 and beyond. Micron, a major memory supplier for Apple, stands to benefit from the strong iPhone sales. Apple’s success is expected to drive up memory chip prices due to high demand for AI applications. This could potentially boost Micron’s stock value and earnings.

Read more at Nasdaq: Apple Just Delivered Great News For This Market-Crushing AI Stock