Micron's AI-Driven HBM Demand and Data Center Growth to Fuel Stock Upside, Analysts Say
HBMHudbay Minerals(HBM) Benzinga·2024-09-27 03:37

Micron Technology, Inc MU stock continued its upward trajectory Thursday after reporting upbeat quarterly results after the market closed on Wednesday. Micron reported fourth-quarter revenue of $7.75 billion, topping the analyst consensus estimate of $7.64 billion. The adjusted EPS of $1.18 beat the analyst consensus estimate of $1.13. Also Read: What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday? Micron expects first-quarter revenue of $8.7 billion, plus or minus $200 million, ...