Micron's AI-Driven Surge: Q2 Forecasts Soar

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Micron Technologys stock surged following robust financial forecasts, with revenue soaring 82% and profits outpacing expectations. The company, a key player in memory chips, attributes this growth to the burgeoning AI market. Looking ahead, Micron projects even stronger performance in the next quarter, with revenue potentially reaching $7.8 billion and profits ranging from $1.08 to $1.18 per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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