Micron Stock Pops as AI Demand Drives Better-Than-Expected Earnings, Outlook

Micron Technology (MU) reported quarterly results that topped analysts’ estimates and issued a better-than-expected outlook, sending shares higher in extended trading Thursday.

The memory chip maker and Nvidia (NVDA) partner saw its fiscal second-quarter revenue jump 38% year-over-year to $8.05 billion, above the analyst consensus from Visible Alpha. Adjusted earnings of $1.78 billion, or $1.56 per share, rose from $476 million, or 42 cents per share, a year earlier, also beating…