From Investor’s Business Daily:

Memory-chip maker Micron Technology (MU) exceeded expectations for its fiscal second quarter, reporting a surprise profit. The company cited a sales boost from artificial intelligence infrastructure spending and provided guidance well above estimates for the current quarter. Micron’s earnings came in at 42 cents per share on sales of $5.82 billion, far surpassing analyst forecasts. The stock soared more than 13% in after-hours trading following the report. Micron has been on an upward trajectory this year, with hopes for a recovery in the memory-chip market driving the stock up 65% in the past 12 months.



Read more at Investor’s Business Daily: Micron Stock Jumps On Q2 Beat And Raise