Micron Needs To Live Up To Its AI Darling's Darling Title

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But, even even guiding for record results didn’t bring as much as expected enthusiasm as Micron holds the promise of being one of the biggest beneficiaries of the AI era next to the AI darling and chip leader, Nvidia Corporation (NASDAQ: NVDA) and that comes with grand expectations as its shares have more than doubled over the past year.  While the smartphone and PC markets remain sluggish, its data center business grew 50% on a quarter-to-quarter basis on the back of a strong AI portfolio.

On Wednesday, Micron Technology Inc (NASDAQ: MU) posted a failed-to-impress fiscal third quarter report.

Fiscal Third Quarter Highlights

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Author / Journalist: Upwallstreet

Category: Technology

Markets: United States

Topics: Contributors MU Markets Tech US67066G1040 Benzinga NVDA News US5951121038

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Article Type: News Report

Published On: 2024-06-27 @ 19:02:11 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © Benzinga

News ID: 21404202

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