TECH - Micron Delivers An Exceptional Forecast Powered By AI Prospects | Benzinga
On Wednesday, Micron Technology (NASDAQ: MU) topped estimates with its robust second fiscal quarter results. Upon the report, shares of the Nvidia Corporation (NASDAQ: NVDA) supplier surged to a record high.
Second Quarter Of Fiscal 2024
For the quarter ended on February 29th, Micron reported revenue grew 58% to $5.82 billion, leaving Micron with a profit of $793 million, or 71 cents a share, improving from last year’s comparable quarter when it reported a loss of $2.31 billion, or $2.12 a share.
On Wednesday, Micron revealed its high-bandwidth memory (HBM) ultrafast semiconductors used for AI development were sold out for 2024 while the majority of its 2025 supply has also ...