BUZZ-Micron Technology rises after strong quarterly revenue forecast

Reuters

Mar 21, 2025

** Shares of computer memory chips maker Micron Technology MU.O rise 5.2% to $108.30 in extended trade

** MU forecasts Q3 revenue above Wall Street expectations

** Robust artificial intelligence demand drove up demand for Micron's high-bandwidth memory $(HBM)$ chips - company

** HBM chips are a type of dynamic random access memory or DRAM standard, first produced in 2013

** MU expects record quarterly revenue in fiscal Q3, with DRAM and NAND demand growth in both data center and consumer-oriented markets

** NAND flash memory caters to everything - mobile, embedded and data center storage applications

** As of last close, MU stock up 22.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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