Sanjay Mehrotra

US memory chip maker Micron soars after AI growth boosts revenue forecast

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Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence (AI) hardware. Revenue for its financial third quarter will be US$6.4 billion to US$6.8 billion, Micron said in a statement on Wednesday. That compares with … Read more

Micron stock pops 12% on earnings beat driven by AI boom

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The Micron Technology headquarters in Boise, Idaho, on March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Shares of Micron popped more than 12% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said … Read more