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’s HBM Chips in High Demand Amid AI Boom
Micron Technology is reaping the benefits of the AI boom, as its high bandwidth memory (HBM) chips are experiencing soaring demand.
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.
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.
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.
Micron: Q4, I Was Wrong, Surging AI Demand Bridges Blackwell Delays (Rating Upgrade)
Micron's Q4 earnings exceeded expectations, driven by strong AI demand for advanced DRAM and NAND products. Read why I am ...
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 ...
Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher than expected first ...
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 ...
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Memory spot prices fall on slow demand recovery
The recovery in downstream consumer markets remains sluggish, leading to a further decline in spot market prices for memory ...
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 ...
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 ...
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 ...
Heard on the Street: What’s Great for Micron Is Good for Chips as Well
Micron sure picked a great day to deliver some good news. The memory chip maker’s quarterly results ...
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 ...
2 Chip Stocks That Are Screaming Buys in September
The stock now trades at a forward P/E of 10 based on the analyst consensus for 2025. With tailwinds from AI demand, the ...