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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 three providers of high-bandwidth memory (HBM) chips along with South Korea's SK Hynix and Samsung,
Micron Gains the Most in 13 Years After AI Boosts Forecast
Micron Technology Inc., the largest US maker of computer memory chips, gained the most in nearly 13 years after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence gear.
Micron Forecasts Strong First-Quarter Growth Thanks to AI Chip Demand
Micron Technology‘s stock surged by 14% in after-hours trading following an optimistic first-quarter forecast driven by strong demand for memory chips used in artificial intelligence (AI) computing. The company projects revenue of approximately $8.
Wall St rises on AI optimism after Micron's upbeat forecast
Wall Street's main indexes rose in choppy trading on Thursday, with the S&P 500 hitting an intraday record high after Micron's upbeat forecast rekindled the hype around artificial intelligence, and a soft jobless claims report soothed worries about the labor market.
4d
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 ...
Opinion
5d
Opinion
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 MSN
4d
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, ...
4d
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 ...
4d
on MSN
Micron forecasts upbeat first-quarter revenue on strong demand for memory chips
Micron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its ...
The Spokesman-Review
9d
Motley Fool: Investors could bet on good memory
At first glance, Micron Technology (Nasdaq: MU) might not look like a slam-dunk buy. The designer and maker of computer ...
3d
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 ...
3d
Nvidia Supplier SK Hynix's Shares Rally as Mass Production of Latest HBM Chips Begins
SEOUL (Reuters) - SK Hynix shares jumped more than 9% on Thursday after the South Korean firm started mass production of the ...
1h
on MSN
Exclusive-ByteDance plans new AI model trained with Huawei chips, sources say
ByteDance has diversified to domestic suppliers of chips used in artificial intelligence and accelerated development of its ...
3d
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 ...
3d
on MSN
Nvidia supplier SK Hynix's stock jumps as mass manufacturing of new HBM chips for AI starts
SK hynix's stock surged 9% after announcing mass production of 12-layer HBM3E with 36GB capacity, leading in AI memory ...
1d
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 ...
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