Micron Technology Inc. gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. The company said fiscal first-quarter revenue will be roughly $12.5 billion, higher than $11.9 billion estimated by analysts. The outlook validates the idea that the largest US maker of computer memory chips has become a key beneficiary of AI spending. Bloomberg’s Annabelle Droulers reports.
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Micron Gives Upbeat Forecast Amid AI Equipment Demand
