Micron's AI-Driven Surge: Stock Soars on Strong Forecasts

Micron Technologys stock soared after reporting robust financial forecasts, driven by surging demand for memory chips in AI technologies. The companys Q3 revenue surged 82% to $6.81 billion, exceeding expectations, and they project even higher revenue for the August quarter. Microns CEO attributed this success to improving market conditions and their innovative, high-value products, particularly their leading high-bandwidth memory solutions for AI.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.