Micron Technology announced Wednesday that it expects its upcoming quarterly revenue to come in well ahead of what Wall Street analysts had anticipated, a sign that surging demand for artificial intelligence infrastructure continues to fuel appetite for its memory chips.
The company projected fourth-quarter revenue of $50 billion, give or take $1 billion. That figure stands considerably higher than the average analyst estimate of $43.58 billion, based on data compiled by LSEG.
The forecast suggests that the relentless push to build out AI-related technology systems is showing no signs of slowing, with Micron positioned to benefit from that ongoing demand.
