Micron Stock Pops on Strong Outlook Driven by 'Robust AI Demand'
Micron Technology(MU) Investopedia·2024-09-26 05:55
Key TakeawaysMicron Technology shares surged in extended trading Wednesday as the memory chip maker's revenue and outlook blew past expectations.The Nvidia partner reported its fiscal fourth-quarter revenue nearly doubled year-over-year, driven by "robust AI demand."CEO Sanjay Mehrotra said the company expects current-quarter revenue to reach a record high. Micron Technology (MU) shares surged in extended trading Wednesday as the company's revenue and outlook blew past expectations. The memory chip maker an ...