$Micron Tech(MU.US) Micron Technology announced its earnings report, with performance exceeding expectations across the board. Full-year revenue increased by 61% year-over-year, while single-quarter revenue surged 93% YoY. More encouragingly, the company expressed strong confidence in the future: due to robust demand for HBM3 and rising prices, Micron raised its guidance for the next quarter and full year. The stellar earnings quickly reversed the pessimistic investor sentiment from last quarter, sending Micron's pre-market shares soaring over 16%. The impressive financial data reflects the continued strong demand for AI and injects more confidence into the global semiconductor industry.
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