MICRON CRUSHES FORECAST ON AI CHIP DEMAND

Micron's forecast for its fiscal first quarter significantly exceeded analyst expectations. The company projected $61.5 billion in revenue, beating estimates of $56.8 billion by nearly $4.7 billion. Excluding certain items, earnings per share came in at $38.15 versus the $36.02 projection. The results reflect explosive demand for memory chips as data centers race to build out AI infrastructure. Micron, the largest US memory chip manufacturer, has benefited from this wave of spending. Despite the strong top-line numbers, Micron flagged a headwind: rising compensation costs will crimp profit margins going forward. The chipmaker joins other tech firms grappling with wage pressures as competition for talent intensifies. The outlook suggests the AI boom remains robust enough to offset margin compression, at least for now. Investors will watch closely whether Micron can maintain momentum as supply catches up with demand.