AI demand driving strong growth in storage chips, Micron Technology (MU.US) Q1 performance outlook far exceeds expectations.

According to the Zhitong Finance APP, benefiting from the demand for artificial intelligence devices, the largest computer storage chip manufacturer in the United States, Micron Technology (MU.US), has made an optimistic outlook for this quarter's performance. Micron stated in its fourth-quarter financial report released on Tuesday that revenue for the first quarter of fiscal year 2026 is expected to be approximately $12.5 billion, exceeding analysts' previous average expectation of $11.9 billion. Excluding certain special items, earnings per share are expected to be around $3.75, surpassing analysts' previous forecast of $3.05.