Micron Soars After AI Opportunity Helps Bolster Revenue Forecast
Micron Technology Inc., the largest US maker of computer memory chips, jumped in late trading after giving a strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence hardware. Fiscal third-quarter revenue will be $6.4 billion to $6.8 billion, the company said in a statementBloomberg Terminal Wednesday. That compares with an average analyst estimate of $5.99 billion. Micron will have earnings, minus certain items, of about 45 cents a share. Analysts projected ...
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