Micron Technology announces optimistic sales outlook.

On Wednesday, Micron Technology Inc. raised its performance forecast for the current quarter, with revenue for the second quarter of the 2025 fiscal year expected to fall between $18.3 billion and $19.1 billion, well above analysts' previous average expectations of $14.4 billion for the quarter. Adjusted earnings per share are expected to be between $8.22 and $8.62, far exceeding the market's expected value of $4.71. Currently, there is an explosive growth in demand for artificial intelligence computing components, leading to a continuously widening supply-demand gap. Storage chip manufacturers like Micron are directly benefiting from this trend. Meanwhile, there is a shortage of relatively low-end storage chips used in personal computers, partially due to the storage industry shifting capacity towards high-end technology products needed for artificial intelligence data centers. Micron is one of the core beneficiaries of the surge in demand for artificial intelligence. Its high-bandwidth memory is a key component for developing chips and systems needed for artificial intelligence models. In the first quarter of the 2025 fiscal year ending on November 27th, Micron's revenue increased by 57% year-on-year, reaching $13.6 billion; adjusted earnings per share were $4.78, both above analysts' previous forecasts of $13 billion in revenue and $3.95 earnings per share.