Micron raises forecasts as AI boosts memory chip demand
Adrian Bogdan
Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares around 5 per cent higher before the bell. Semiconductor makers such as Micron have seen a surge in orders for their high-bandwidth memory chips due to their intensive data-processing capabilities, as large tech firms scaled up their financial commitments to AI data centers. The company now
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