TECH - Micron CEO Says Generative AI Is Driving Increased Demand For Chips Sees Acceleration In 2024 Leading To 'Strong' 2025 | Benzinga
Micron Technology, Inc. (NASDAQ: MU) stock got a lift Thursday on the heels of the company’s quarterly results. Following the report, Micron CEO Sanjay Mehrotra discussed the road ahead in an interview with CNBC’s Jim Cramer.
What Happened: Micron reported mixed results late Wednesday, but shares raced higher as investors focused on the forecast. Micron guided for a return to profitability by the May quarter and a return to positive free cash flow by the August quarter.
Thursday on CNBC's "Squawk On The Street,” Mehrotra attributed Micron’s improving financials to the company's ability to capitalize on increasing price trends due, ...