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Micron Technology’s stock had gotten swept up in the recent artificial-intelligence selloff — but the company’s upbeat revenue guidance now has investors feeling better.
The memory-chip maker
MU is guiding for revenue of $18.7 billion, plus or minus $400 million, for its second quarter, which far surpasses the $14.3 billion FactSet analyst consensus. The company is also looking for its gross margin to reach 67%, plus or minus 1%, in the current quarter.
