Chipmaker Micron forecasts quarterly revenue above estimates
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Dec 17 (Reuters) - Micron Technologyforecast second-quarter revenue above Wall Street estimates on Wednesday, betting on soaring demand and strong pricing for its high-bandwidth memory chips used in artificial intelligence hardware.The company projected revenue for the current quarter to be $18.70 billion, plus or minus $400 million, compared with analysts’ average estimate of $14.20 billion, according to data compiled by LSEG.
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