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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