What's Going On With Micron Stock Thursday?

Micron Technology Inc (NASDAQ:MU) shares are in the spotlight Thursday following the company’s fiscal third-quarter results. Multiple analysts boosted price targets following the print.

What Happened: Micron beat analyst estimates on the top and bottom lines in the third quarter, posting revenue of $9.3 billion versus estimates of $8.87 billion, and adjusted earnings per share of $1.91 versus estimates of $1.60, per Benzinga Pro.

Total revenue was up close to 16% as DRAM revenue climbed to an all-time high and HBM revenue increased nearly 50% sequentially. Micron said data center revenue more than doubled year-over-year and highlighted growing AI-driven memory demand.

Micron guided for fourth-quarter revenue of $10.7 billion at ...