Reported 12 days ago
Micron Technology exceeded earnings expectations for the fourth quarter, largely driven by high bandwidth memory (HBM) demand from AI chips. Analyst Dan Morgan from Synovus Trust emphasized that while traditional markets like smartphones and PCs are recovering slowly, AI-related applications have significantly supported the company's growth. He anticipates that Micron will benefit further from Nvidia's new Blackwell AI chip, hinting at a potentially positive outlook for the upcoming year.
Source: YAHOO