Micron Technology guided fiscal fourth-quarter revenue to $50 billion, above Wall Street estimates. The outlook was boosted by AI-driven shortages of components that pushed prices higher, signaling stronger near-term pricing power and demand. The update is supportive for Micron and the broader semiconductor complex.
Micron Technology guided fiscal fourth-quarter revenue to $50 billion, above Wall Street estimates. The outlook was boosted by AI-driven shortages of components that pushed prices higher, signaling stronger near-term pricing power and demand. The update is supportive for Micron and the broader semiconductor complex.
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moderately positive
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