"AI Boom Propels Micron Stock to New Heights with Q2 Earnings Beat"

Micron Technology exceeded expectations in its fiscal second quarter, reporting a surprise profit and strong guidance for the current quarter, attributing the success to increased sales from artificial-intelligence infrastructure spending. The company's stock surged more than 13% in after-hours trading. Micron's CEO credited the team's execution and product portfolio for the strong results and expressed confidence in a strong fiscal second half of 2024. The company is expected to benefit from the AI infrastructure spending boom and competition in high-bandwidth memory chips for data centers.