Micron's AI-Driven Growth: Stock Surges on Strong Forecasts
Update: 2025-12-18
Description
Micron Technologys stock surged following robust financial forecasts, driven by soaring demand for AI chips. The company reported a 82% year-over-year revenue increase to $6.81 billion, exceeding expectations. Profits of $0.62 per share also beat estimates. Looking ahead, Micron projects even stronger results for the August quarter, with revenue estimated between $7.4 billion and $7.8 billion and profits ranging from $0.98 to $1.08 per share. CEO Sanjay Mehrotra attributes these results to a better supply-demand balance and the success of their AI-driven products.
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