Micron beats Wall Street

Stefan Mileschin · 2nd April 2021, 08:31

Rise in demand thanks to 5G

Micron beat the cocaine nose jobs of Wall Street soothsaying by predicting a better than expected fiscal third-quarter revenue.

The outfit said that it saw a rise in demand for memory chips thanks to 5G smartphones and artificial intelligence software.

The outfit makes NAND memory chips that serve the data storage market as well as DRAM chips that are widely used in laptops and other computing devices, benefited from the coronavirus pandemic as a global shift to remote work boosted chip demand.

A global chip shortage has spurred buyers such as personal computer makers to begin snapping up supplies, sending memory chip prices upward.

Analyst firm Trendforce said DRAM prices rose between three per cent and eight per cent in the first calendar quarter and predicts prices will rise between 13-18 per cent in the second calendar quarter.

https://fudzilla.com/news/pc-hardwar...ts-wall-street

2nd April 2021, 08:31	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,325	Micron beats Wall Street Rise in demand thanks to 5G Micron beat the cocaine nose jobs of Wall Street soothsaying by predicting a better than expected fiscal third-quarter revenue. The outfit said that it saw a rise in demand for memory chips thanks to 5G smartphones and artificial intelligence software. The outfit makes NAND memory chips that serve the data storage market as well as DRAM chips that are widely used in laptops and other computing devices, benefited from the coronavirus pandemic as a global shift to remote work boosted chip demand. A global chip shortage has spurred buyers such as personal computer makers to begin snapping up supplies, sending memory chip prices upward. Analyst firm Trendforce said DRAM prices rose between three per cent and eight per cent in the first calendar quarter and predicts prices will rise between 13-18 per cent in the second calendar quarter. https://fudzilla.com/news/pc-hardwar...ts-wall-street

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