Micron forecasts first-quarter revenue above estimates on AI demand
Micron Technology forecast first-quarter revenue above market estimates on Tuesday, betting on booming demand for artificial intelligence hardware to boost sales of its advanced memory chips as a race to dominate AI tech intensifies.
Efforts to build the most sophisticated AI models and expand the data center infrastructure that they run on have boosted demand for Micron’s high-bandwidth memory chips, or HBM.
