Micron's AI Boom: Stock Surges on Strong Forecasts
Update: 2025-12-18
Description
Micron Technologys stock surged after announcing robust financial forecasts, driven by soaring demand for memory chips due to AI growth. The company reported an 82% revenue increase in Q3, earning $0.62 per share, exceeding expectations. Looking ahead, Micron projects a 12-16% revenue boost in Q4, with an adjusted gross margin of 28% and earnings of $1.08 per share. This optimism has investors excited, with shares climbing over 6% to $150.50.
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