1:22:29 PM PDT - Tuesday, July 14th, 2020

Micron, Xilinx Give Bullish Revenue Forecasts; Shares Surge  

By Editor - Mon Jun 29, 8:02 pm

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(Bloomberg) — Micron Technology Inc. and Xilinx Inc. gave strong sales forecasts, suggesting demand is recovering as parts of the global economy emerge from the pandemic lockdown. Shares of both chipmakers jumped in extended trading.Micron, the largest U.S. memory chipmaker, said revenue in the current period will be $5.75 to $6.25 billion, well ahead of Wall Street estimates.During a conference call, analysts voiced concerns about Micron customers potentially stockpiling chips. That could threaten future orders.

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Micron, Xilinx Give Bullish Revenue Forecasts; Shares Surge

  • Comments Off on Micron, Xilinx Give Bullish Revenue Forecasts; Shares Surge

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