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Micron Technology’s Earnings Beat Spurs Steady MU Stock Performance Amid AI-Driven Growth
Micron Technology’s Earnings Beat Spurs Steady MU Stock Performance Amid AI-Driven Growth
22
1
BTCCSquare news:
Micron Technology's fourth-quarter earnings surpassed analyst expectations, with revenue hitting $11.32 billion against forecasts of $11.15 billion. Adjusted EPS of $3.03 outperformed the projected $2.86, fueling a 0.44% after-hours rise in MU stock to $167.15. The company's Cloud Memory unit saw revenues surge over 200% to $4.54 billion, underscoring robust demand for AI-driven data center solutions.
CEO Sanjay Mehrotra highlighted Micron's strategic positioning in the expanding AI market, with record fiscal 2025 results reflecting this momentum. Investors are now eyeing the firm's capital investment plans, anticipating further upside as hyperscale and enterprise clients accelerate memory upgrades.
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