Micron forecasts strong revenue on AI boom, shares fall on higher spending plan
March 18 : Micron Technology forecast third-quarter revenue well above Wall Street expectations after posting a sharp jump in the second quarter on booming demand for memory chips used in artificial intelligence systems, while tighter supply drove record earnings.But the company's $5 billion boost to its 2026
Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
March 19 : Micron shares fell about 5 per cent on Thursday as the chipmaker's plan to boost capital outlay unnerved investors, taking the shine off another round of blockbuster quarterly earnings fueled by AI.Demand for advanced memory chips has soared as U.S. tech giants pour billions into AI data‑center b
Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
March 19 : Micron shares sank about 6 per cent on Thursday as the chipmaker's plan to boost capital outlay unnerved investors, taking the shine off another round of blockbuster quarterly earnings fueled by AI.Demand for advanced memory chips has soared as U.S. tech giants pour billions into AI data‑center b
Accenture beats quarterly revenue estimates on strong AI demand
March 19 : Accenture beat quarterly revenue estimates on Thursday on strong demand for services that help businesses adopt artificial intelligence and move to the cloud, lifting the IT consulting firm's shares more than 3 per cent.Global consulting firms such as Accenture and Cognizant are seeing robust deman
Micron forecasts strong revenue on AI boom; higher spending plan knocks shares
March 18 : Micron Technology forecast third-quarter revenue above Wall Street expectations after posting a sharp jump in the second quarter on booming demand for memory chips used in artificial intelligence systems, while tighter supply drove record earnings.But its shares fell 5 per cent in extended trading
Accenture forecasts quarterly revenue below estimates on cautious enterprise spending
March 19 : Accenture forecast quarterly revenue below estimates on Thursday, as clients remain cautious on spending on large IT transformation projects amid an uncertain economic environment.Shares of the Dublin, Ireland-based company were down 3 per cent in premarket trading.The company has been deali
last updated on 20 Mar 03:46