Micron Raises Q4 Forecast to $11B on Surging AI Demand

Micron Technology Inc., the largest U.S. manufacturer of memory chips, has upwardly revised its fiscal fourth-quarter revenue forecast to $11 billion, far surpassing Wall Street expectations. The surge stems from booming demand for hardware essential to artificial intelligence development.

Shares climbed over 6% in after-hours trading following the announcement, extending this year's 51% rally. The company now projects adjusted earnings of $2.50 per share, significantly higher than the $2.03 analyst consensus.

This Optimism reflects the critical role of Micron's high-bandwidth memory products in training and operating large-scale AI models. As AI adoption accelerates across industries, semiconductor firms with exposure to this technology continue to outperform sector peers.