Reported about 8 hours ago
Micron Technology Inc., the largest US computer memory chip manufacturer, has provided a positive forecast for the upcoming quarter, largely due to increased demand from artificial intelligence equipment. The company expects first-quarter revenue of approximately $12.5 billion, surpassing analysts' expectations. Micron attributes its growth to the rising need for high-bandwidth memory in AI applications, while continuing to warn investors of increased spending to meet market demands. With a solid growth trajectory, Micron is capitalizing on the expanding AI-driven memory market.
Source: YAHOO