Micron gives upbeat sales forecast after AI helps fuel demand

Dina Bass / Bloomberg

03-21

Micron is seeing strong demand for components used in machines that develop and run artificial intelligence software.

Micron Technology, the largest US maker of computer memory chips, gave a strong sales forecast for the current quarter, bolstered by demand for artificial intelligence products.

Fiscal third-quarter revenue will be about US$8.8 billion ($11.75 billion), the company said in a statement Thursday.

That compares with an average analyst estimate of US$8.55 billion. Profit will around US$1.57 a share, excluding certain items, compared with the US$1.48 analysts expected on average.

Micron is seeing strong demand for components used in machines that develop and run artificial intelligence software. Its traditional markets — chips for phones and PCs — have been weaker. But they have been showing signs of recovery.

Micron shares, up 22% this year through Thursday’s close, jumped about 5% in extended trading following the announcement.

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But they have been showing signs of recovery.</p>\n<p>Micron shares, up 22% this year through Thursday’s close, jumped about 5% in extended trading following the announcement.</p>\n</body></html>","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron gives upbeat sales forecast after AI helps fuel demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron gives upbeat sales forecast after AI helps fuel demand\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Dina Bass / Bloomberg</strong><span class=\"h-time small\">2025-03-21 02:30</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p><img src=\"https://edgemarkets-transferred.s3-ap-southeast-1.amazonaws.com/429917332+(1).jpg\"/> Micron is seeing strong demand for components used in machines that develop and run artificial intelligence software.</p><p>Micron Technology, the largest US maker of computer memory chips, gave a strong sales forecast for the current quarter, bolstered by demand for artificial intelligence products.</p>\n<p>Fiscal third-quarter revenue will be about US$8.8 billion ($11.75 billion), the company said in a statement Thursday.</p>\n<p>That compares with an average analyst estimate of US$8.55 billion. Profit will around US$1.57 a share, excluding certain items, compared with the US$1.48 analysts expected on average.</p>\n<p>Micron is seeing strong demand for components used in machines that develop and run artificial intelligence software. Its traditional markets — chips for phones and PCs — have been weaker. 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Profit will around US$1.57 a share, excluding certain items, compared with the US$1.48 analysts expected on average.\nMicron is seeing strong demand for components used in machines that develop and run artificial intelligence software. Its traditional markets — chips for phones and PCs — have been weaker. But they have been showing signs of recovery.\nMicron shares, up 22% this year through Thursday’s close, jumped about 5% in extended trading following the announcement.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}