Reported about 1 year ago
Micron Technology exceeded revenue estimates for the third quarter driven by strong demand for memory chips, particularly in the AI sector. However, the company's fourth-quarter forecast disappointed investors, causing its stock to drop in extended trading. Micron, a key player in high-bandwidth memory chips for AI systems, reported revenue of $6.81 billion for the quarter and forecasted revenue of $7.6 billion for the current quarter. The firm's performance is closely watched as an indicator of chip demand and market trends in the semiconductor industry.
Source: YAHOO