India, June 25 -- Shares of Micron Technology Inc. were gaining around 17 percent in the pre-market activity on Nasdaq, after the domestic chipmaker reported significantly higher third-quarter results and issued positive outlook for the fourth quarter, amid the soaring demand for artificial intelligence or AI.
Sanjay Mehrotra, Chairman, President and CEO of Micron Technology, stated, "Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era. Micron is investing at record levels in technology, products and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predict...