Micron earnings on deck, with focus on China ban, AI boost to DRAM sales

📆 27/9/2023 11:40:00
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A rebound in DRAM pricing, linked to AI demand, could partly offset the impact of China’s retaliatory ban on Micron chip sales.

shares edged higher in pre-market trading ahead of the memory chip-maker's fourth quarter earnings slated for after the closing bell.

The Boise, Idaho-based tech group said earlier this spring that it sees quarterly revenues in the region of $3.7 billion to $4.1 billion, with Street forecasts suggesting a tally of around $3.9 billion. Micron's link to the surge in AI investment, particularly through the DRAM chips it makers that are used in data centers around the world, could provide a longer-term boost for revenues as companies look to deploy generative AI technologies

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