Micron Trounces Estimates Thanks To AI Data Center Growth

Memory-chip maker Micron Technology (MU) late Tuesday trounced analyst estimates for its fiscal fourth quarter and with its outlook, thanks to strong AI data center growth. Micron stock surged in extended trading. The Boise, Idaho-based company earned an adjusted $3.03 a share on sales of $11.32 billion in the quarter ended Aug. 28. Analysts polled by FactSet had expected Micron earnings of $2.86 a share on sales of $11.22 billion. In the year-earlier period, Micron earned an adjusted $1.18 a share on sales of $7.75 billion. It was the company's...