AI compute reshuffle: Micron's record revenue, Qualcomm's Modular acquisition and Dragonfly chip, OpenAI and Broadcom's Jalapeno chip
The article covers a major AI compute industry realignment on June 24, 2026, highlighting three key developments: Micron posting record revenue and profits driven by surging AI memory demand; Qualcomm acquiring Modular and unveiling its Dragonfly chip; and OpenAI partnering with Broadcom to reveal the Jalapeno chip. The piece also briefly mentions Bezos' Slate pickup truck being priced at $25,000. The overall theme is a reshaping of chip sector dynamics, cloud economics, and supply chains as AI compute demands accelerate.
Key quotes
Micron posted record revenue and profits as AI memory demand surged, driving chip sector gains and reframing supply dynamics for cloud and enterprise buyers.
Today crystallised an AI compute realignment: memory demand fuels market momentum, chip incumbents pivot to vertical stacks, and cloud economics change as OpenAI, Qualcomm and others reshape the landscape.
Bezo's Slate pickup priced at a sort-of-OK $25,000
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