Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2025
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Micron Technology, Inc. reported record revenue for the first quarter of fiscal 2025, driven by strong demand for AI. Data center revenue grew over 40% sequentially and over 400% year over year.
December 18, 2024 | 9:15 pm
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Micron Technology reported record revenue for fiscal Q1 2025, driven by strong AI demand. Data center revenue saw significant growth, increasing over 40% sequentially and over 400% year over year.
The record revenue and significant growth in data center revenue indicate strong performance and demand for Micron's products, particularly in AI. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100