Micron Gives Upbeat Sales Forecast After AI Fuels Demand

Micron Gives Upbeat Sales Forecast After AI Fuels Demand

(Bloomberg) — Micron Technology Inc., the largest US maker of computer memory chips, gave a strong sales forecast for the current quarter, bolstered by demand for artificial intelligence products.

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Fiscal third-quarter revenue will be about $8.8 billion, the company said in a statement Thursday. That compares with an average analyst estimate of $8.55 billion. Profit will around $1.57 a share, excluding certain items, compared with the $1.48 analysts expected…

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