Micron Technology reported quarterly revenue of $8.71 billion, matching estimates, with a year-over-year increase of 84.3%. Analysts maintain a "Moderate Buy" rating, though top analysts favor five other stocks over Micron. The company recently announced a quarterly dividend of $0.115 per share, reflecting a 0.49% yield.
mark liu joins micron to enhance artificial intelligence initiatives
Mark Liu, the former chairman of TSMC, has joined Micron Technology's board to enhance its AI initiatives. Micron's CEO, Sanjay Mehrotra, emphasized Liu's extensive semiconductor expertise as vital for advancing AI in data centers and edge computing. Liu's career spans over 30 years at TSMC, where he played a key role in its growth and development of advanced fabrication facilities.
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