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Strong Revenue, Forecast Fuel Micron Stock Rally

The final quarterly reports of 2023 are trickling in, with chip name Micron Technology Inc (NASDAQ:MU) among the latest to enter the confessional. The company yesterday announced smaller-than-expected fiscal first-quarter losses of 95 cents per share, while revenue beat analysts' expectations. Micron's fiscal second-quarter revenue forecast came in above estimates as well, as demand for its flash storage and dynamic random access memory (DRAM) chips improves, and supplies near normal levels.At least 15 brok ...