💨 Abstract

Micron Technology expects first-quarter revenue to exceed estimates, driven by strong demand for high bandwidth memory (HBM) chips used in AI applications. The U.S. firm, one of only three HBM chip providers, has benefited from the AI industry's growth. This has helped mitigate the impact of a memory chip inventory glut in PC and smartphone markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖