Business
Micron’s Blockbuster Earnings Quiet the AI Doubters
A dayslong tech selloff raised new questions about whether America’s artificial-intelligence boom could continue at its breakneck pace. On Wednesday, Micron Technology MU 15.74%increase; up pointing triangle answered.
The memory maker blew past analyst expectations for its May quarter and projected revenue and profit that also topped Wall Street’s forecast. Its shares jumped 14% in after-hours trading, propelling a rally in Nasdaq futures.
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