Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
Micron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry, sending the company's shares up 10% after the bell.
Micron's Q4 earnings exceeded expectations, driven by strong AI demand for advanced DRAM and NAND products. Read why I am ...
Tight supply of HBM chips for the data center also contributed to a sharp increase in Micron's gross profit margin in Q4. It ...
The company's shares, which have gained about 12% this year, were up nearly 14% after the bell. Micron is one of the only ...
Establishing a Memory Technical Center is critical to making chips more powerful, energy efficient and competitive, writes ...
The recovery in downstream consumer markets remains sluggish, leading to a further decline in spot market prices for memory ...
Within the semiconductor industry, Micron has established itself as a leader in the dynamic random-access memory chip segment ...
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 ...
Micron Technology (MU) stock jumped after the memory-chip maker posted better-than-expected quarterly results and issued ...
SEOUL (Reuters) - SK Hynix shares jumped more than 9% on Thursday after the South Korean firm started mass production of the ...
The stock now trades at a forward P/E of 10 based on the analyst consensus for 2025. With tailwinds from AI demand, the ...
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