Micron Helps Power a New Wave of High-End Computing Amidst the COVID-19 Crisis
When Micron Technology (NASDAQ: MU) last provided a quarterly update at the end of March, question marks abounded. The memory chipmaker was showing signs that the cyclical slump it's been stuck in for over a year was coming to an end, but the global crisis brought on by COVID-19 put that recovery at risk.
It turns out just the opposite happened. Q3 fiscal 2020 results (the three months ended May 28, 2020) handily topped management's guidance, and Micron is back in growth mode again. With cloud computing, 5G wireless network buildout, and a new generation of gaming consoles and personal computing devices on the way, Micron sees sunnier days ahead.
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Source Fool.com
