Micron in Podcasts
companyAmerican semiconductor company known for high bandwidth memory products used in AI data centers
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So we did a deal with Micron.
In fact, one of those companies, Micron, announced, I think, in December that they were going to exit the consumer RAM market.
Dan Ives, what did you glean from the Micron optimism we saw yesterday?
Micron's strong guidance is helping the AI trade, and a delayed November CPI report showed a much cooler retail inflation picture at face value.
And so Micron shares surged 10.2% Thursday, notching a weekly gain of 10.3%.
Demand for artificial intelligence has developers scrambling to buy enough of these essential chips, driving up price tags and giving sales a boost for companies like Micron.
So late Wednesday, Micron posted a jump in quarterly revenue and raised its outlook, with investors cheering the results and the trend underpinning the results.
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