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