New Delhi, June 26 -- BOISE - Every artificial intelligence data center in the world is waiting for memory chips that Micron Technology cannot build fast enough. That scarcity just produced the most profitable quarter in the history of the memory industry.

no memory manufacturer has ever recorded margins or revenues at this scale in a single quarter.

The product driving those figures is high-bandwidth memory, the specialized chip stack mounted directly onto Nvidia, AMD, and Google AI accelerators. Without it, the processor cannot access data at the speed modern artificial intelligence applications require. HBM is what makes a data center an AI data center rather than an ordinary server farm. Chief executive Sanjay Mehrotra told analysts...