Micron Technology raised its earnings forecast for the current quarter on Wednesday. Revenue for the second quarter of fiscal year 2025 is expected to fall in the range of 18.3 billion to 19.1 billion US dollars, while analysts' average revenue expectations for the quarter were only 14.4 billion US dollars; the adjusted profit per share is expected to be 8.22 to 8.62 US dollars, far exceeding the market forecast of 4.71 US dollars. Currently, market demand for artificial intelligence computing components is exploding, and the gap between supply and demand continues to expand, and memory chip manufacturers such as Micron are directly benefiting as a result. At the same time, there is also a shortage of relatively low-end memory chips used in personal computers, partly because the storage industry is shifting production capacity towards high-end technology products needed for artificial intelligence data centers. Micron Technology is one of the core beneficiaries of the explosion in demand for artificial intelligence. The high-bandwidth memory it produces is a core key component of the chips and systems required to develop artificial intelligence models. In the first quarter of the 2025 fiscal year ending November 27, Micron Technology's revenue increased 57% year over year to reach US$13.6 billion; adjusted profit per share was US$4.78, both higher than analysts' previous forecasts of US$13 billion in revenue of US$13 billion and profit per share of US$3.95.

Micron Technology raised its earnings forecast for the current quarter on Wednesday. Revenue for the second quarter of fiscal year 2025 is expected to fall in the range of 18.3 billion to 19.1 billion US dollars, while analysts' average revenue expectations for the quarter were only 14.4 billion US dollars; the adjusted profit per share is expected to be 8.22 to 8.62 US dollars, far exceeding the market forecast of 4.71 US dollars. Currently, market demand for artificial intelligence computing components is exploding, and the gap between supply and demand continues to expand, and memory chip manufacturers such as Micron are directly benefiting as a result. At the same time, there is also a shortage of relatively low-end memory chips used in personal computers, partly because the storage industry is shifting production capacity towards high-end technology products needed for artificial intelligence data centers. Micron Technology is one of the core beneficiaries of the explosion in demand for artificial intelligence. The high-bandwidth memory it produces is a core key component of the chips and systems required to develop artificial intelligence models. In the first quarter of the 2025 fiscal year ending November 27, Micron Technology's revenue increased 57% year over year to reach US$13.6 billion; adjusted profit per share was US$4.78, both higher than analysts' previous forecasts of US$13 billion in revenue of US$13 billion and profit per share of US$3.95.