Micron Technology’s stock soared after the chipmaker reported better-than-expected earnings and provided an upbeat forecast driven by robust demand for consumer chips and AI applications. The company cited strong demand for memory chips used in data centers, smartphones, and PCs. Micron’s CEO highlighted the increasing adoption of AI and machine learning as a key growth driver. The company expects revenue to rise by around 60% in the current quarter, fueled by AI and 5G demand. Micron’s results and guidance reflect the resilience of the memory chip market despite concerns about a potential slowdown. The company’s focus on AI and data center chips positions it well to capitalize on the growing AI trend. Investors cheered Micron’s strong performance and optimistic outlook, driving the stock higher in after-hours trading.