Micron Technology shares climbed approximately 4% in extended trading after the company issued a quarterly revenue forecast that surpassed Wall Street estimates.
The memory chip manufacturer attributed the stronger-than-expected outlook to persistent demand for artificial intelligence infrastructure, which continues to drive consumption of its high-bandwidth memory products.
The positive reception in after-hours trading follows a broader rally for Micron, with shares having jumped roughly 10% earlier in the session after the company reported quarterly financial results that exceeded analyst expectations for both revenue and profit.
The market's reaction underscores investor confidence in the durability of AI-driven demand for advanced memory solutions.
Micron's performance highlights the ongoing strength in the semiconductor sector, particularly for companies positioned to supply the data center build-out.
The company's ability to forecast revenue above consensus suggests that supply constraints are easing while demand remains robust, a dynamic that has supported valuations across the industry.