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Micron Technology reported adjusted revenue for its fiscal fourth quarter, exceeding the street estimate of roughly $52 billion.
The Boise-based memory maker posted a year-over-year growth rate of about 370%, a figure that Bloomberg Television anchors noted serves as a test for the current market appetite for the artificial intelligence trade.
The company's adjusted earnings per share came in at $33.42, surpassing the analyst consensus.
For the fiscal first quarter, Micron guided for adjusted EPS between $37.15 and $39.15, a range whose low end sits above the average analyst estimate.
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