Micron (MU) Gives Strong Forecast, Lifted by AI Computing Demand
Micron Technology Inc., the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment.Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statementBloomberg Terminal Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading....
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