Micron Strong Forecast, Yum! Brands Upgrade, Bumble Job Cuts
On this edition of Stock Movers:- Micron (MU) shares are up after the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead of the $9.89 billion average analyst estimate, sending the shares up in late trading. Micron is seeing increasing demand for components like its high-bandwidth memory, which are used in machines that develop and run AI tools. The company expects continued…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.