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Micron Soars 13% After Chipmaker Posts Record Revenue And Positive Guidance
Micron beat revenue and profit estimates by wide margins and projected $50 billion in fourth-quarter sales, while its shares rose 8.39% after hours.
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5 Articles
5 Articles
Micron stock surges after earnings show memory-chip demand is still soaring
Bloomberg/Getty ImagesMicron stock popped after earnings on Wednesday.The memory-chip maker that's been a key pillar of the AI trade crushed revenue estimates.It also gave a strong sales forecast for the current quarter, beating consensus views.Micron passed the test.After fears that a less-than-stellar report from the memory-chip maker could further derail the AI trade after Tuesday's bruising sell-off, Micron delivered on all fronts.Shares of …
·New York, United States
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23:56 With a truly impressive quarterly report, American memory chipmaker Micron underscores that the AI rally on the stock markets still has plenty of momentum.
·Belgium
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Total News Sources5
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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