Reported about 7 hours ago
Micron Technology surpassed Q4 estimates with revenues of $11.32 billion and adjusted earnings of $3.03 per share, both exceeding expectations. Additionally, the company provided an optimistic Q1 guidance, predicting revenues of $12.5 billion and earnings per share between $3.60 and $3.90, outpacing Wall Street forecasts. Analysts note that Micron is well-positioned in the growing AI market by providing high bandwidth memory, essential for AI processes running on NVIDIA's chips.
Source: YAHOO