Reported 11 days ago
Micron Technology's stock surged 17% after reporting a first quarter revenue outlook of $8.5 billion to $8.9 billion, exceeding analyst predictions of $8.3 billion. The CEO highlighted increasing demand for memory chips, driven by the AI sector, and strong recovery in traditional markets. As Micron prepares for fiscal 2025, it anticipates significant growth in the high-bandwidth memory market, further reassuring investors amid a recovering semiconductor sector.
Source: YAHOO