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Micron forecast revenue of $5.3 billion, plus or minus $200 million, for the second quarter, compared with estimates of $5.03 billion, according to LSEG data. ....
The company s quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover from a months-long downturn. ....
Micron said it is working with Nvidia, the world s most valuable chip company, to qualify its newest high-bandwidth memory chips for use in Nvidia s computing chips. ....
Micron shares have underperformed the broader semiconductor industry this year and the environment is likely to remain challenging over the coming months. We explain what to expect from the results. ....