💨 Abstract

Micron Technology forecasts a higher first-quarter revenue than market estimates, driven by strong demand for its high bandwidth memory (HBM) chips, used in the AI industry. The company predicts revenue of $8.70 billion, plus or minus $200 million, for the first quarter, higher than estimates of $8.28 billion, according to LSEG data.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖