Micron Technology firm: Upgrade of Q4 forecast. Data center and AI segments drive growth
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Micron Technology (MU) recently showed strong performance. The consolidation is now being resolved. Micron is a provider of memory solutions, particularly DRAM, NAND Flash, and NOR Flash. The company develops, produces, and markets innovative memory products for data centers, consumer devices, mobile devices, industrial applications, automotive, and networks. On Monday (August 11), Micron raised its forecast for Q4. The company now expects an adjusted earnings per share (EPS) of $2.85 ± $0.07 instead of the previous $2.50 ± $0.15. The analyst...
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