Micron's AI Chips Boost Sales, Q3 Results Soar

Micron Technologys shares surged following their robust financial forecasts, driven by soaring demand for AI-powered chips. Their Q3 revenue skyrocketed 82% to $6.81 billion, surpassing both their own predictions and analyst estimates. Looking ahead, Micron projects a significant revenue increase of $7.4-$7.8 billion and profits of $0.98-$1.08 per share for the August quarter, outshining Wall Street forecasts and painting an optimistic picture for their future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.