Earnings

Micron Technology (MU) earnings Q3 2020

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Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019.

Stephen Nellis | Reuters

Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.

The work-from-home boom has also driven demand for data center chips, with Micron, one of the biggest DRAM chip suppliers, working to sell more profitable solid-state storage drives rather than the raw NAND memory chips that go into the drives. The company said sales of the drives hit a record in its…



Source cnbc.com

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