Micron's share price increased more than 13% on Thursday. This was followed by the release of its first-quarter revenue projection, which showed robust demand and pricing for the high-bandwidth memory chips (HBM) booming generative artificial intelligence technologies. Ryan Detrick, chief market analyst at Carson Group, says, "If Micron, one of the higher-cost memory providers, is bullish on the market, it bodes well for all of AI and tech.
Micron's share price increased more than 13% on Thursday. This was followed by the release of its first-quarter revenue projection, which showed robust demand and pricing for the high-bandwidth memory chips (HBM) booming generative artificial intelligence technologies. Ryan Detrick, chief market analyst at Carson Group, says, "If Micron, one of the higher-cost memory providers, is bullish on the market, it bodes well for all of AI and tech.