Business & Economy
Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
Micron is up over 500% in the past year as the company benefits from soaring AI demand.
AI Summary
Micron reported better‑than‑expected quarterly results on Wednesday, driven by strong demand for AI infrastructure. The memory maker’s revenue in the fiscal fourth quarter rose almost fourfold to $11.32 billion, compared with the same period a year earlier. The company’s stock edged higher in extended trading after the announcement.
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