Micron forecasts upbeat quarterly revenue on strong AI memory chip demand

Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in after-hours trading.

AI demand has significantly boosted the need for Micron’s HBM chips, a type of dynamic random access memory or DRAM standard essential for advanced AI systems, including Nvidia’s processors, the main beneficiary of the AI boom.

“Sequential growth will continue to happen throughout calendar 2025 as we continue to ramp our capacity…