Micron delivered a standout earnings report, showing how strongly the artificial intelligence boom continues to reshape the semiconductor industry. The company easily beat Wall Street expectations and issued a stronger-than-expected forecast, sending its stock soaring in extended trading. The latest results highlight how central memory technology has become in the ongoing AI boom, as per a report by CNBC.
The memory chip maker reported fiscal third-quarter results that comfortably surpassed analyst estimates, while also providing an upbeat outlook for the current quarter.
