(Reuters) – Micron Technology forecast first-quarter revenue above market estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry.
The company said it expects revenue of $8.70 billion, plus or minus $200 million, for the first quarter, compared with estimates of $8.28 billion, according to LSEG data.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shounak Dasgupta)
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