Micron crushes expectations on earnings and guidance amid soaring AI memory demand

Memory chipmaker Micron Technology Inc. crushed Wall Street’s expectations on earnings and revenue and offered jaw-dropping guidance for the current quarter, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $4.78 per share, easily beating the Street’s forecast of $3.95, while revenue jumped 57% […]
The post Micron crushes expectations on earnings and guidance amid soaring AI memory demand appeared first on SiliconANGLE.