Micron's AI-Driven Surge: Stock Soars 6%

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Micron Technologys stock surged after reporting robust Q3 earnings, with revenue up 82% YoY and adjusted profit margin exceeding expectations. The company forecasts even stronger performance in Q4, anticipating revenue between $7.4B and $7.8B and an adjusted profit margin of 28%. This optimistic outlook is driven by growing demand for memory chips in AI applications and Microns expanding market share in high-bandwidth memory solutions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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