Micron rises on strong revenue outlook driven by AI demand boost
ReutersJun 26, 2025 8:45 AM
Micron Technology MU.O shares up ~2% at $129.70 premarket
Co forecast stronger-than-expected fourth-quarter revenue, driven by surging demand for its high-bandwidth memory (HBM) chips, which are key components in AI data center operations
Co expects fourth-quarter revenue of $10.7 billion, plus or minus $300 million, compared with analysts' average estimate of $9.88 billion, according to data compiled by LSEG
J.P.Morgan says HBM revenue should approach an $8 billion annualized run rate over the next one to two quarters
At least four brokerages raised PT on the stock following the results
Average rating of 41 brokerages is "buy"; their median PT is $140, according to data compiled by LSEG
Stock up ~51% so far this year through Wednesday
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