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Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ (Ian King/Bloomberg)
March 20, 2024, 8:40 p.m. |
Techmeme www.techmeme.com
Ian King / Bloomberg:
Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ — - Sales outlook far exceeds what analysts were estimating — Micron is one of ‘biggest beneficiaries’ of AI boom, CEO says
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