Micron forecasts third-quarter results above estimates
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March 20 (Reuters) - Chipmaker Micron Technology forecast third-quarter revenue above estimates on Wednesday, benefiting from the rapid adoption of artificial intelligence technology by businesses and an easing supply glut in the wider memory chip market.
The company forecast revenue of $6.60 billion, plus or minus $200 million, for the current quarter, compared with estimates of $6.03 billion, according to LSEG data.
(Reporting by Arsheeya Bajwa and Harshita Mary Varghese in Bengaluru)
