{"id":826630,"date":"2024-06-27T10:14:30","date_gmt":"2024-06-27T04:44:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=826630"},"modified":"2024-06-27T10:14:30","modified_gmt":"2024-06-27T04:44:30","slug":"micron-tech-beats-revenue-estimates-on-ai-chip-demand-shares-fall-after-run-up","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/27\/micron-tech-beats-revenue-estimates-on-ai-chip-demand-shares-fall-after-run-up\/","title":{"rendered":"Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up"},"content":{"rendered":"<p>Micron Technology beat estimates for third-quarter revenue on Wednesday driven by strong demand for its memory chips, but its current-quarter forecast disappointed investors who were upbeat about the chipmaker&#8217;s performance in the AI boom.<\/p>\n<p>Shares of the Idaho-based firm fell 7.2% in extended trading after it forecast fourth-quarter revenue largely in line with expectations. The stock had risen 13% this month, ahead of earnings, on investor optimism that Micron would benefit from AI-driven demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Micron Technology beat estimates for third-quarter revenue on Wednesday driven by strong demand for its memory chips, but its current-quarter forecast disappointed investors who were upbeat about the chipmaker&#8217;s performance in the AI boom. Shares of the Idaho-based firm fell 7.2% in extended trading after it forecast fourth-quarter revenue largely in line with expectations. The stock had risen 13% this month, ahead of earnings, on investor optimism that Micron would benefit from AI-driven demand.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-826630","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/826630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=826630"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/826630\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=826630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=826630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=826630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}