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Micron Surges After Blowout Q2; AI Demand Fuels Strong Q3 Outlook

1 min read
Source: Seeking Alpha
Micron Surges After Blowout Q2; AI Demand Fuels Strong Q3 Outlook
Photo: Seeking Alpha
TL;DR

Micron Technology delivered a dramatic Q2 beat with revenue up 196% YoY to $23.86B and EPS of $12.20, well above expectations. It issued a bullish Q3 guide of about $33.5B in revenue and $19.15 EPS with an 81% gross margin, driven by AI-driven memory demand amid DRAM/NAND tightness. The results support a bullish thesis on MU, with momentum and revisions backing a Buy rating, potentially making pullbacks attractive dip buys.

Topics:businesstechnology#ai-memory-demand#earnings-beat#micron-technology#mu#q3-guidance#technology
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  1. Micron Just Smashed Estimates - Buy The Dip (NASDAQ:MU)  Seeking Alpha
  2. Micron revenue almost triples, tops estimates as demand for memory soars  CNBC
  3. Micron (MU) Gives Upbeat Forecast After Demand Soars for Memory Chips  Bloomberg.com
  4. Micron forecasts strong revenue on AI boom; higher spending plan knocks shares  Reuters
  5. Micron (MU) Reports Earnings Tomorrow: What To Expect  Yahoo Finance

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