Micron beats on earnings as company sales rise 46% on AI boom
1. Micron exceeded earnings and revenue expectations, boosting its stock price. 2. Forecasts predict revenue of $12.5 billion, surpassing analyst estimates. 3. Net income increased to $3.2 billion, a significant year-over-year rise. 4. Micron benefits from AI demand for high-bandwidth memory components. 5. Sales for cloud memory tripled, while core data center sales dropped.