Micron reports earnings, revenue beat and issues strong forecast
1. Micron surpassed earnings expectations, reporting $1.91 EPS against $1.60 expected. 2. Q4 revenue forecast is $10.7 billion, significantly above analyst estimates. 3. Data center revenue doubled, highlighting demand from the AI market. 4. Micron's stock rose 51% YTD, reflecting strong market performance. 5. CEO indicates continued investment in technology for AI-driven memory demand.