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Micron forecasts first-quarter revenue above estimates
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Micron forecasts first-quarter revenue above estimates
Sep 25, 2024 3:55 PM

Sept 25 (Reuters) - Micron Technology ( MU ) forecast

first-quarter revenue above market estimates on Wednesday,

betting on strong demand for its high bandwidth memory (HBM)

chips used by the AI industry.

The company said it expects revenue of $8.70 billion, plus

or minus $200 million, for the first quarter, compared with

estimates of $8.28 billion, according to LSEG data.

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