Micron shares rise on positive first-quarter guidance on AI demand for memory chips
By Harshita Mary Varghese (Reuters) – Shares of Micron Technology rose about 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to appetite for its memory chips used in artificial intelligence. Micron is one of only three suppliers of high-bandwidth memory (HBM) chips, along with South Korea’s SK Hynix and Samsung, … Read more