Closing Bell: Micron Forecast Tops Estimates

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Micron Technology Inc. (MU) the largest US maker of memory chips, gave a sales forecast for the current quarter that exceeded estimates after the AI build-out fueled unprecedented demand.

Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02.

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