Micron’s stock makes late-trading gains as AI memory chips drive solid jump in revenue
Micron said its sales growth was primarily driven by its newest high-bandwidth memory chips, which have become a key component of high-end AI servers. During the quarter, sales of HBM chips surpassed the $1 billion milestone for the first time, up 50% from the prior quarter.
Micron forecasts upbeat quarterly revenue on strong AI memory chip demand; shares rise
Micron Technology forecast third-quarter revenue and posted second-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry.
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