Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
By Harshita Mary Varghese (Reuters) -Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher than expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing.
Micron’s stock surges as AI companies scramble for high-bandwidth memory chips
Within the semiconductor industry, Micron has established itself as a leader in the dynamic random-access memory chip segment. DRAM is widely used in personal computers and servers.
SK Hynix Shares Surge on Mass Production of Advanced Chips, Strong Micron Outlook
SK Hynix's shares posted their largest gain in over a year after it started mass production of an updated chip and U.S. peer Micron Technology reported strong earnings on robust AI demand. Shares of the South Korean memory-chip maker advanced 9.4% to 180,900 won, equivalent to $135.45, on Thursday.
Micron fuels chip stock rally as AI demand powers revenue forecast
Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology.
Micron Stock Jumps on Strong Outlook. ‘Robust AI Demand’ Is Boosting Chip Revenue.
Micron Technology stock jumped in premarket trading Thursday after the memory-chip company reported strong earnings and provided guidance above Wall Street expectations. For the quarter ended Aug. 29,
Micron forecasts upbeat first-quarter results amid AI boom
Micron Technology forecast first-quarter results ahead of Wall Street estimates and reported fourth-quarter revenue growth that was the highest in more than a decade on the back of booming demand for its memory chips used in the AI industry.
Micron rises 19% on AI-driven forecast, fuels chip stock rally
Micron Technology surged close to 19% on Thursday, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for the hardware used to power generative AI technology.
Micron forecasts upbeat first-quarter results as AI boom boosts demand for memory chips
The company's shares, which have gained about 12% this year, were up nearly 14% after the bell. Micron is one of the only ...
Investing in US memory chip R&D will secure American innovation for years (Guest Opinion by Doug Grose)
Establishing a Memory Technical Center is critical to making chips more powerful, energy efficient and competitive, writes ...
Live Science on MSN4d
Human genome stored inside near-indestructible '5D memory crystal' that could survive to the end of the universe
The record-breaking crystal will act as a DNA time capsule that could be used to bring back humanity after our extinction, ...
Digi Times2d
Memory spot prices fall on slow demand recovery
The recovery in downstream consumer markets remains sluggish, leading to a further decline in spot market prices for memory ...
Nvidia supplier SK Hynix's shares rally as mass production of latest HBM chips begins
The world's second-largest memory chipmaker SK Hynix said on Thursday it began mass production of a 12-layer version of the ...
Going beyond GPUs: The evolving landscape of AI chips and accelerators
AI accelerators and chips can help enterprises support select low- to medium-intensive AI workloads with better total cost of ...
The Economist13d
How to build more powerful chips without frying the data centre
Each die is flanked by four blocks of high-bandwidth memory (hbm) chips that together store 192 gigabytes of data. The ...
Nvidia may release the RTX 5080 in 24GB and 16GB flavors — the higher VRAM capacity will come in the future via 3GB GDDR7 chips
While the latest rumors say the RTX 5080 will still only ahve 16GB of memory, Nvidia may offer a 24GB variant in the future.
RTE Online3d
Micron forecasts upbeat Q1 results as AI boom boosts demand for memory chips
Micron Technology has forecast first-quarter results ahead of Wall Street estimates and reported fourth-quarter revenue ...
1 Spectacular Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip
Tight supply of HBM chips for the data center also contributed to a sharp increase in Micron's gross profit margin in Q4. It ...