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Micron Projects Roughly $50B in Quarterly Sales, Topping Estimates

  • Infra & Chips
  • Finance

US memory-chip leader Micron Technology reported fiscal third-quarter results and forward guidance on June 24, with both revenue and profit far exceeding market expectations on the strength of AI-driven memory demand. Following the announcement, shares jumped as much as roughly 14% in premarket trading, at one point lifting Nasdaq futures.

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