Micron Surges After Earnings Beat Driven by AI Chip Demand

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Technology News

Micron,Earnings,AI

Micron Technology's stock soared over 11% in after-hours trading following the company's earnings report, which beat both revenue and earnings expectations. The strong performance was attributed to a surge in demand for HBM (High Bandwidth Memory) used in AI chips.

Morgan explains,"It does appear that they are beginning to see a real good benefit from HBM, which, of course, is the high bandwidth memory that's used with the AI chip. So we're coming out of a down cycle. We've had a couple of good quarters. Now we're getting this AI top over the numbers, and it looks like they did gain from that.

So, you know, you kind of hinted about this before and you know, looking at these just highlight numbers, it does appear that they are beginning to see a real good benefit from HBM, which of course is the high bandwidth memory that's used with the A I chip. So do you think this sort of put some of those concerns to rest a good question, Julie because if you look at their core markets, which is data center, smartphone, PC, smartphone and P CS aren't doing that great, right?If you look at DRM pricing in terms of spot pricing, it's just kind of level that it was coming down.

And I guarantee on the conference call, they're gonna ask the same question over and over 10 different ways, try to get him to say something a little bit different. We know that NVIDIA has come out and now that for the New Blackwell 100 chip that comes out this October, these are their A I chips, they will be coupling it with the uh the high bandwidth memory coming from uh micron technology.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Micron stock pops on earnings, guidanceMicron (MU) reported fiscal fourth quarter results that topped estimates on both the top and bottom lines. Adjusted earnings of $1.18 per share was above the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Micron earnings preview: Wall Street will get a glimpse into what's ahead for US chipmakersMicron's quarterly earnings report should give investors a glimpse into what's ahead for the US semiconductor industry as earnings season begins.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dow retreats from record high, Micron earnings on tap: Yahoo FinanceThe Dow Industrial Jones Average (^DJI) is pulling back Wednesday, after reaching an all-time high in the previous session. Investors are now turning their...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oracle stock surges on Q1 earnings driven by AI demandOracle (ORCL) stock is surging Tuesday morning since reporting a fiscal first quarter earnings beat yesterday, posting revenue of $13.31 billion (expected...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesLOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than im
Source: SooToday - 🏆 8. / 85 Read more »