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Micron forecasts third-quarter results above estimates
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Micron forecasts third-quarter results above estimates
Mar 20, 2024 1:25 PM

March 20 (Reuters) - Chipmaker Micron Technology

forecast third-quarter revenue above estimates on Wednesday,

benefiting from the rapid adoption of artificial intelligence

technology by businesses and an easing supply glut in the wider

memory chip market.

The company forecast revenue of $6.60 billion, plus or minus

$200 million, for the current quarter, compared with estimates

of $6.03 billion, according to LSEG data.

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