Micron posts 15-fold profit surge as AI companies clamour for chips
Micron posts 15-fold profit surge as AI companies clamour for chips.
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Summary
Shares up 16% after firm says Q4 revenue will be around US$50 billion. Shares of semiconductor stocks are soaring in extended trading on Wednesday, following a strong financial report from Micron Technology Inc. that underscored how artificial intelligence remains a major vector for growth.
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Shares up 16% after firm says Q4 revenue will be around US$50 billion
according to The Business Times (SG)Shares of semiconductor stocks are soaring in extended trading on Wednesday, following a strong financial report from Micron Technology Inc. that underscored how artificial intelligence remains a major vector for growth.
according to Bloomberg — Markets
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