semiconductor / news / / The Economic Times
Micron (MU) stock kept rising on Wednesday after a strong rally earlier.
Micron launched the world's largest SSD with 245TB, reducing required rack space by up to 82%.
KEY POINTS
- Fitch upgraded Micron’s credit rating to BBB+ due to stable AI-driven demand and long-term deals.
- Micron posted $23.86 billion revenue and $13.79 billion net income, beating market expectations.
- AI is making memory chip demand more stable and long term, changing the commodity view of memory.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →