Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares around 5% higher before the bell.

Micron Technology stock rises on higher guidance and strong operational execution, reflecting continued AI growth as big tech companies invest billions in AI infrastructure.

Micron Technology, Inc. (Nasdaq: MU) (the 'Company”) today announced that it is updating its revenue, gross margin, operating expense, and EPS guidance for the fourth quarter of fiscal 2025, which ends August 28,

Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell.

As of 8:40 a.m. on Monday, Micron Technology's stock price approached $125 ahead of the stock market opening for the day.