8 AI News and Ratings Making Waves on Wall Street

2. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for various global markets.

On March 20, Micron Technology reported Q2 revenue of $8.05 billion, a 38.3% increase from the previous year, surpassing estimates by $150 million. Non-GAAP EPS of $1.56 exceeded expectations by $0.14. Operating cash flow rose to $3.94 billion, up from $3.24 billion in the prior quarter and $1.22 billion a year ago. High Bandwidth Memory revenue surpassed $1 billion, while data center DRAM revenue reached a record level, driven by strong AI-related demand. CEO Sanjay Mehrotra highlighted the launch of Micron’s 1-gamma DRAM node and expects record revenue in Q3 and improved profitability in fiscal 2025.