Micron Beats Expectations on AI Demand

about 1 month ago

Valerie Teitel

"Micron is in the green. It's up nine-tenths of 1%, even after rallying 45% in September. They came out with a beat on revenue and provided solid guidance on the back of AI demand."

Micron Technology reported earnings that beat expectations and provided robust guidance, driven by increasing demand for high-bandwidth memory chips essential for AI developments. Despite a strong rally in recent weeks, the positive earnings and guidance underline its role in the evolving AI landscape.

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