Micron Technology Inc forecast current-quarter revenue and profit far ahead of analysts' estimates as prices for memory chips climb amid tight supplies and demand surges for storage chips used in smartphones. Shares of the company, which also beat second-quarter profit estimate, were up 9.4 percent in extended trading on Thursday. - From Reuters
Shares of the company, which also beat second-quarter profit estimate, were up 9.4 percent in extended trading on Thursday.
Global memory chip makers are on the cusp of what analysts call an ultra-super-cycle as supply bottlenecks created by efforts to make smaller yet more efficient chips weigh, while demand soars for data storage from smartphones and artificial intelligence to autonomous driving and the Internet of Things.
SAN FRANCISCO Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time.
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