Micron forecasts upbeat quarterly revenue on demand for Al memory chips

ReutersMar 20, 2025 8:02 PM

March 20 (Reuters) - Micron Technology MU.O forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high bandwidth memory (HBM) chips used by the AI industry.

The company said it expects revenue of $8.80 billion, plus or minus $200 million for the quarter, compared with an estimate of $8.5 billion, according to data compiled by LSEG.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Wall Street Backs Tesla? Cathie Wood Spends Nearly $28 Million Buying Its Stock on the Dip

TradingKey - On April 9 (ET), Tesla (TSLA.US) shares closed up 0.69% at $345.62. Year-to-date, Tesla's stock price has declined by nearly 24%. Meanwhile, well-known Wall Street "tech bull" Cathie Wood once again moved to buy the dip.

SpaceX Eyes IPO Amid Exposed $5B Loss: Will xAI 'Burn Rate' Drag Down $2T Valuation?

TradingKey - The Information reports that SpaceX's 2025 revenue exceeded $18.5 billion, while net losses approached $5 billion. Analysis suggests these figures reflect the drag on SpaceX following its merger with xAI. Influenced by xAI, will SpaceX's target IPO valuation be significantly discounted?

Nvidia Rises for Seven Straight Days, AI Chip Leader’s Stock May Break All-Time High

TradingKey - On Thursday (April 10), Nvidia shares closed approximately 1% higher at $183.94, marking its seventh consecutive session of gains and its longest winning streak since November 2023. While the magnitude of this rally is not particularly dramatic, its significance lies in the market’s renewed willingness to buy into Nvidia's AI growth story following months of repeated volatility.

From 14.2 Billion to 21 Billion, Why Meta Continues to Bet on CoreWeave?

TradingKey - On April 9, AI cloud computing provider CoreWeave (CRWV) announced a long-term partnership agreement valued at $21 billion with Meta (META). The company will provide Meta with dedicated AI cloud computing capacity, with the service term extending through December 2032.

Surges 11.4% in a Single Day. Intel Shares Hit Five-Year High, What Is Driving It?

TradingKey - As Intel (INTC) announced its participation in the Musk-led Terafab superchip factory project, market excitement has continued to build. Driven by a convergence of multiple positive catalysts, the company's stock price has recently staged an impressive rally.

Featured Tools