Micron rises on strong revenue outlook driven by AI demand

** Shares of memory chipmaker Micron Technology MU.O rise 1.8% to $169.2 premarket

** Co forecast Q1 sales of $12.50 billion, plus or minus $300 million, compared with the analysts' average estimate of $11.94 billion, according to data compiled by LSEG
** Memory chipmakers like MU have seen a sharp rise in demand for their high-bandwidth memory (HBM) chips, prized for their ability to handle intensive data workloads, as big tech firms ramp up AI data center investments

** HBM chip revenue grew to nearly $2 billion in Q4, CEO Sanjay Mehrotra says

** At least three brokerages hike PT on the stock after results

** On average, 44 analysts rate the stock "Buy"; their median PT is $180, as per data compiled by LSEG

** YTD, stock up ~98%