Micron Technology forecast first-quarter revenue above estimates and said customer commitments under long-term supply agreements rose to $32 billion, up from $22 billion in June. The AI boom has driven demand for high-bandwidth memory, with tech giants set to spend over $730 billion on AI infrastructure this year. Micron expects first-quarter revenue of $61.5 billion and adjusted profit of $38.15 per share, both above analyst estimates.
Micron Forecasts Strong Revenue on Surging AI Memory Demand
Source: Reuters