{"id":53815,"date":"2024-09-26T06:31:34","date_gmt":"2024-09-26T10:31:34","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=53815"},"modified":"2024-09-26T06:31:34","modified_gmt":"2024-09-26T10:31:34","slug":"pre-market-update-micron-technology-mu-stock-surges-16-on-strong-revenue-forecast","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/pre-market-update-micron-technology-mu-stock-surges-16-on-strong-revenue-forecast\/53815\/","title":{"rendered":"Pre-market Update: Micron Technology (MU) stock surges 16% on strong revenue forecast"},"content":{"rendered":"<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"eed63d6f-0ea9-413a-bb62-061f8b1197bd\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>Micron Technology\u2019s stock jumped 16% in pre-market trading on Thursday following an optimistic revenue forecast for the upcoming quarter, projected between $8.5 billion to $8.9 billion, surpassing analysts\u2019 expectations of $8.3 billion. The company attributes this to a favorable pricing environment and high demand for its memory chips in AI data centers.<\/p>\n<p>CEO Sanjay Mehrotra highlighted that AI is creating exciting opportunities for memory and storage, marking the best positioning in Micron\u2019s history. In its fiscal fourth quarter, Micron reported revenue of $7.75 billion, a 93% year-over-year increase, and adjusted earnings per share of $1.18, both surpassing analyst expectations.<\/p>\n<p>Micron\u2019s growth is fueled by partnerships with key industry players like Nvidia, supplying memory chips for Nvidia\u2019s GPUs, which are in high demand for AI applications.<\/p>\n<p>Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Micron Technology\u2019s stock jumped 16% in pre-market trading on Thursday following an optimistic revenue forecast for the upcoming quarter, projected\u2026<\/p>\n","protected":false},"author":432,"featured_media":53817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[12379,18547],"class_list":["post-53815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-micron","tag-micron-technology"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/432"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=53815"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/53815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/53817"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=53815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=53815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=53815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}