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Benzinga
Benzinga
Business
Anusuya Lahiri

Micron Stock Jumps After Boosting Sales And Profit Outlook On Soaring AI Chip Demand

Micron

Micron Technology (NASDAQ:MU) stock gained on Monday after the company lifted its fourth-quarter fiscal 2025 guidance, citing stronger-than-expected pricing, particularly in DRAM, and solid operational execution.

The company expects a quarterly revenue of $11.1 billion-$11.3 billion (up from prior $10.4 billion-$11 billion) versus an analyst consensus estimate of $10.73 billion.

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