Chipmaker Micron forecasts in line quarterly revenue as AI boom fuels demand

Micron Technology Inc on Tuesday forecast third-quarter revenue in line with Wall Street expectations, banking on steady demand for memory chip products from the fast-growing artificial intelligence industry.

A proliferation of generative AI chatbots such as Microsoft Corp-backed OpenAI’s ChatGPT has boosted demand for data centers and helped buck the trend of easing demand for chips.