Micron reports results ahead of other chipmakers and is closely watched as the expected sales for its memory hardware act as an indicator of demand for...
- Chipmaker Micron Technology forecast third-quarter revenue above estimates on Wednesday, benefiting from the rapid adoption of artificial intelligence technology by businesses and an easing supply glut in the wider memory chip market.
Micron reports results ahead of other chipmakers and is closely watched as the expected sales for its memory hardware act as an indicator of demand for various types of chips and end-markets. The company forecast revenue of $6.60 billion, plus or minus $200 million, for the current quarter, largely above estimates of $6.03 billion, according to LSEG data.1 Dividend Stock Down 49% to Buy Right Now
Three TSX stocks are in a downtrend amid headwinds. 2024 may be rocky for them, but they are poised for a rally later. The post Don’t Look Now, But These 3 TSX Stocks Look Poised for a Nice Rally appeared first on The Motley Fool Canada.Biggest fraud in Chinese history? Beijing accuses Evergrande of inflating revenues by $78 billion
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