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Wall Street is raving about Micron earnings as one of the biggest-ever surprises for a chipmaker [Business Insider]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Micron Technology's latest earnings blew Wall Street away. The chipmaker beat on both earnings and revenue, and signaled strong demand ahead. Morgan Stanley described the results as one of the biggest upside surprises ever for the chip sector. After weeks of AI-driven market malaise, tech stocks got a boost from Micron Technology on Thursday, and Wall Street couldn't be happier. The chipmaker posted its first-quarter results on Wednesday, coming in above analyst estimates for both earnings per share and revenue, and providing robust guidance for the coming year. Micron stock surged as much as 14% on the news, with top analysts cheering the results as one of the biggest positive surprises to come out of the semiconductor space. "Outside of NVIDIA this was likely the best revenue/$net income upside in the history of the US semis, industry,"
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