From Quiver Quantitative:

Micron Technology Inc. sees a surge in stock prices, fueled by strong sales forecast driven by AI hardware demand. Fiscal third-quarter revenue expected to surpass analyst predictions at $6.4-$6.8 billion. Shares rose by 14% to a record high, indicating investor optimism. Micron’s focus on AI memory solutions like HBM3E chips positions it well in the industry. Company plans to maintain budget for new plants and equipment, with U.S. expansions pending government incentives. CEO predicts industry rebound by 2024, with record sales projected by 2025. Government support for semiconductor manufacturing further strengthens industry outlook.



Read more at Quiver Quantitative: Micron Predicts Record Sales, Leads Semiconductor Surge with AI-Driven Growth