On June 25, Micron Technology (MU.O) forecast on Wednesday that its revenue for the fourth fiscal quarter would exceed Wall Street expectations, highlighting the sustained robust demand for AI-related infrastructure, which is driving strong growth in demand for its memory chips. In response to this news, the company's stock price surged nearly 10% in after-hours trading. Micron Technology anticipates revenue for the fourth fiscal quarter to reach $50 billion (plus or minus $1 billion), significantly surpassing analysts' average estimate of $43.58 billion. This performance forecast indicates that the rapid development of generative AI has made memory products such as HBM indispensable key components for large data centers, thereby driving significant price increases. The quarterly report revealed that Micron Technology's revenue for the third fiscal quarter reached $41.4 billion, far exceeding market expectations of $35.4 billion. Company CEO Sanjay said, 'Micron Technology's record financial performance in the third fiscal quarter, along with an even stronger outlook for the fourth fiscal quarter, fully demonstrates the strategic value of memory chips in the AI era. We firmly believe that multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron Technology's financial performance.' Additionally, Micron Technology reported a profit of $28.24 billion, or $24.67 per share, for the third fiscal quarter, compared to a profit of $1.89 billion, or $1.68 per share, in the same period last year. After excluding one-time items, adjusted earnings per share were $25.11, higher than analysts' expectations of $20.86.