:Micron Technology beat analysts’ estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector.Shares of the company rose about 3 per cent in trading after the bell. They have gained about 34 per cent this year.CEO Sanjay M
:Micron Technology beat analysts’ estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector. CEO Sanjay Mehrotra said customers continued to reduce their excess inventory in the quarter with inventories in the PC and smartphone segments being close to normal levels.
