Micron Technology rises after strong quarterly revenue forecast
ReutersMar 20, 2025 8:29 PM
Shares of computer memory chips maker Micron Technology MU.O rise 5.2% to $108.30 in extended trade
MU forecasts Q3 revenue above Wall Street expectations
Robust artificial intelligence demand drove up demand for Micron's high-bandwidth memory (HBM) chips - company
HBM chips are a type of dynamic random access memory or DRAM standard, first produced in 2013
MU expects record quarterly revenue in fiscal Q3, with DRAM and NAND demand growth in both data center and consumer-oriented markets
NAND flash memory caters to everything - mobile, embedded and data center storage applications
As of last close, MU stock up 22.4% YTD
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