Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
By Harshita Mary Varghese (Reuters) -Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher than expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing.
Micron’s stock surges as AI companies scramble for high-bandwidth memory chips
Within the semiconductor industry, Micron has established itself as a leader in the dynamic random-access memory chip segment. DRAM is widely used in personal computers and servers.
SK Hynix Shares Surge on Mass Production of Advanced Chips, Strong Micron Outlook
SK Hynix's shares posted their largest gain in over a year after it started mass production of an updated chip and U.S. peer Micron Technology reported strong earnings on robust AI demand. Shares of the South Korean memory-chip maker advanced 9.4% to 180,900 won, equivalent to $135.45, on Thursday.
Micron Stock Soars After Memory-Chip Maker Posts Strong Results and Outlook
Micron Technology (MU) stock jumped after the memory-chip maker posted better-than-expected quarterly results and issued guidance that topped Wall Street expectations. The stock stood more than 15% higher in recent premarket trading.
Micron forecasts upbeat first-quarter results as AI boom boosts demand for memory chips
Micron Technology forecast first-quarter results ahead of Wall Street estimates and reported fourth-quarter revenue growth that was the highest in more than a decade on the back of booming demand for its memory chips used in the AI industry.
Micron Stock Jumps on Strong Outlook. ‘Robust AI Demand’ Is Boosting Chip Revenue.
Micron Technology stock jumped in premarket trading Thursday after the memory-chip company reported strong earnings and provided guidance above Wall Street expectations. For the quarter ended Aug. 29,
Micron Stock Jumps As Memory-Chip Giant Posts Beat-And-Raise Report
Memory-chip giant Micron Technology beat estimates for its fiscal fourth quarter and guided higher than views for the current period.
Micron forecasts upbeat quarterly revenue as AI boom boosts demand for memory chips
Micron Technology forecast first-quarter revenue ahead of Wall Street estimates and reported fourth-quarter revenue growth that was the highest in more than a decade on the back of booming demand for its memory chips used in the AI industry.
Micron forecasts upbeat first-quarter revenue on strong demand for memory chips
The company is one of the only three providers of HBM chips along with South Korea's SK Hynix and Samsung, which has allowed the U.S. firm to cash in on demand for semiconductors that help power generative AI technology.
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Micron forecasts upbeat Q1 results as AI boom boosts demand for memory chips
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