Micron Technology reports strong fiscal Q3 revenue growth as AI memory demand boosts results

Micron Technology reported strong fiscal third-quarter results, with revenue rising 74% to $41.46 billion and earnings per share of $25.11, helped by robust demand for its high-bandwidth memory chips used in AI servers. The new figures materially revise the previously stated revenue growth rate and update the quarter's key earnings detail. UBS maintained a Buy rating on the stock, pointing to continued confidence in Micron's position as AI-driven demand supports memory sales.

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