Micron Technology Inc
MU: XNAS (USA)
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Micron Earnings: HBM Highlights a Blowout Quarter as We Raise Our Valuation to $115
Micron Technology's May-quarter results handily beat management guidance for growth and profitability. Revenue rose 37% year over year to $9.3 billion, inclusive of 50% sequential growth for high-bandwidth memory. August-quarter guidance implies continuing strong growth.
