Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by soaring prices for memory chips spurred by tight supplies and booming demand from artificial intelligence data centers.
Shares of the Boise, Idaho-based company rose 14% in extended trading after the forecast.
Sign up here.
Micron said it expected adjusted profit of $8.42 per share, plus or minus 20 cents, versus analyst estimates of $4.78 per share, according to LSEG… [719 chars]
Source: Reuters | Published: 2025-12-17T21:04:36Z
Credit: Reuters
