Micron's Q2 Earnings Growth Fueled By AI — High Bandwidth Memory Investments Key
Portfolio Pulse from Benzinga Neuro
Micron Technology (NASDAQ:MU) reported strong Q2 fiscal 2024 results, driven by high demand for AI servers and strategic investments in high-bandwidth memory (HBM). The company anticipates further price increases for DRAM and NAND, expecting record revenue and improved profitability in fiscal 2025. Over 75% of Micron's DRAM and over 90% of its NAND are on advanced technology nodes, positioning Micron as a leader in the memory and storage market.
March 21, 2024 | 1:41 am
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Micron Technology reported strong Q2 fiscal 2024 results, driven by demand for AI servers and investments in HBM, with expectations of further price increases for DRAM and NAND.
Micron's strong Q2 fiscal 2024 performance, driven by strategic investments in high-bandwidth memory and the growing demand for AI servers, positions the company for further growth. The anticipation of increased prices for DRAM and NAND, along with advancements in technology nodes, suggests a positive outlook for Micron's stock in the short term.
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