Micron Upgraded to Neutral on AI-Driven Growth
Micron Technology has surprised investors, changing the analyst’s view from sell to neutral. The company’s strong Q2 results are driving growth in revenue and margins. In the second quarter, Micron’s revenue increased 196% year-over-year to $23.9 billion, with gross margins reaching a high of 75%. The company also increased its net cash to $6.6 billion. … Read more