Micron Technology raises quarterly results forecast on AI-driven demand

Share via:


Synopsis

Micron Technology has raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

Image for Micron Technology raises quarterly results forecast on AI-driven demandAgencies
Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

The company now expects revenue of $11.2 billion, plus or minus $100 million, compared…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Micron Technology raises quarterly results forecast on AI-driven demand


Synopsis

Micron Technology has raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

Image for Micron Technology raises quarterly results forecast on AI-driven demandAgencies
Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

The company now expects revenue of $11.2 billion, plus or minus $100 million, compared…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple launching 5+ new products over the next several...

After a relatively quiet start to the year,...

What is YUVAi Global Youth Challenge? Inside India’s flagship...

The YUVAi Global Youth Challenge is an international...

Lenskart profit jumps to Rs 133 Cr in Q3...

Eyewear brand Lenskart announced its financial results for...

Popular

iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista melhor iptv portugal lista best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv best iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv portugal iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv