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Micron Technology Raises Earnings Forecast Amid Surging AI Demand
1 day ago /
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Author：小编
On June 25th, Micron Technology issued a statement projecting robust earnings for the current quarter, fueled by the burgeoning demand for AI-enabled devices. The company anticipates fourth fiscal quarter revenue to land between $10.4 billion and $11 billion (initially forecasted at $10.7 billion, subsequently refined), substantially exceeding analysts' average estimate of $9.89 billion. This positive news propelled Micron's share price upwards in after-hours trading. Notably, Micron Technology's revenue for the preceding third fiscal quarter had already surpassed $9.301 billion, signifying a significant year-over-year growth.
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