Overview

• Micron’s shares rose 2% in premarket trading after its forecast for fourth-quarter revenue exceeded analysts’ expectations on robust AI memory demand.
• The company reported record third-quarter revenue of $9.30 billion with data center sales more than doubling year over year.
• Third-quarter HBM chip sales surged nearly 50% quarter over quarter as Micron became the only supplier shipping HBM3E at scale.
• J.P. Morgan projects Micron’s HBM revenue will reach an $8 billion annualized run rate within the next one to two quarters.
• Micron plans to invest $200 billion in U.S. semiconductor production and R&D to capitalize on growing AI data center needs.