(Reuters) – Micron Technology forecast fourth-quarter revenue above Wall Street expectations on Wednesday, banking on a bounce in demand for its memory chips from the fast-growing artificial intelligence (AI) sector.
The company expects revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, compared with estimates of $3.89 billion, according to IBES data from Refinitiv.
(Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)
