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Micron Technology Inc. has issued a bullish revenue forecast for the current quarter, driven by surging demand for AI-related memory chips. The company’s shares rose after outperforming analyst estimates, signaling strong growth in the AI hardware market.
- Micron's Q4 revenue forecast of $10.7B exceeds analyst expectations by nearly $1B.
- High-bandwidth memory demand for AI tools is a key growth driver for Micron.
- The company is rebounding from previous margin pressures, signaling improved profitability.
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