Micron’s AI-Driven Surge Continues with Stellar Forecast

The relentless expansion of artificial intelligence shows no signs of slowing, and Micron Technology stands as a prime beneficiary. The memory chip specialist, already riding a wave of AI-driven demand, has now issued a current-quarter forecast that has stunned the market by surpassing even the most optimistic projections. This raises the question of whether the company’s shares are poised for another significant leap forward.

Micron’s recent financial performance provides a solid foundation for the current bullish sentiment. For its fourth fiscal quarter, which concluded on August 28, the company reported revenue of $11.3 billion. This figure exceeded analyst estimates, which had converged around $11.2 billion. Perhaps even more impressive was the adjusted earnings per share of $3.03, handily beating the anticipated range... Read more...