Micron Soars 13% on Surprise Profit Beat, Upbeat Outlook Fueled by AI Demand
- Micron posted surprise profit and sales well above estimates for fiscal Q2
- Micron stock jumped over 13% after hours on the better-than-expected results
- Company cited sales boost from AI infrastructure spending
- Micron predicts strong fiscal second half of 2023 due to "preeminent" product portfolio
- Micron seen as major beneficiary of multiyear AI opportunity
