The global chip shortage might be causing havoc for industries heavily reliant on semiconductor chips, but the strong demand continues to favor Micron (MU). The memory giant delivered the goods in its latest quarterly statement and expects the business to keep on outperforming for the rest of the year. In FQ2, Micron generated revenue of $6.24 billion, a 30% year-over-year uptick and coming in ahead of the Street’s forecast by $30 million. Non-GAAP EPS came in at $0.98, 3 cents above the consensus estimate and at the high-end of Micron’s revised guidance range of $0.93 to $0.98.
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Micron Technology (NASDAQ:MU)
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