Daily Market Updates: Micron tops earnings and boosts guidance as data center revenue surges

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Micron tops earnings and boosts guidance as data center revenue surges

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Micron reported earnings results that beat expectations and also issued strong guidance, according to CNBC Markets.

CNBC Markets said the company’s performance was supported by soaring demand tied to artificial intelligence, with data center revenue jumping 11-fold.

CNBC Markets also noted that Micron shares have risen more than 500% over the past year.

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Sources

CNBC MarketsMicron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

CNBC WorldMicron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

Earnings

Micron tops earnings and boosts guidance as data center revenue surges

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Sources

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