Micron (MU) Q3 Revenue Quadruples to $41.46B Amid Market Volatility
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowMicron Technology (MU) shares fell 4% after a volatile trading week, affected by rising AI infrastructure costs. The company reported third-quarter revenue of $41.46 billion, a significant increase from $9.3 billion the previous year, and is projecting around $50 billion for the current quarter. Major competitors like Intel and Arm also experienced declines of 3% and 4%, respectively. Despite the drop, Micron's stock is up 863% over the past year, driven by increased demand for memory chips amid hyperscaler data center builds.
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About Micron Technology Inc. (MU)
Micron Technology is a leading maker of memory chips, spanning DRAM and NAND flash.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier MU news
- Apple (AAPL) Falls as Micron (MU) Reports Strong Earnings
- Nasdaq Index Drops as Micron (MU) Fails to Drive Market Rally
- Apple (AAPL) Slide Counters Micron (MU) Gain as Dow Hits Record
- Micron (MU) Reports Results, Apple (AAPL) Faces Memory Chip Costs
- Micron (MU) Surges 13% After Reporting $41.46B Earnings
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