After 5 quarters of losses, one chipmaker is finally reaping the benefits of Nvidia's AI chip boom
Micron surged over 15% after strong revenue and profit forecasts driven by AI spending.
Igor Golovniov/SOPA Images/LightRocket via Getty Images
- Micron surged over 15% after strong revenue and profit forecasts driven by AI spending.
- The chipmaker's Q4 revenue hit $7.75 billion, nearly double last year's fourth-quarter performance.
- Other chip stocks also rallied on Thursday after Micron's revenue guidance.
Micron surged over 15% on Thursday after reporting strong revenue and profit forecasts...
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