AI & TECH
MICRON REPORTS STRONG AI MEMORY DEMAND, BOOSTS SPENDING TO $25 BILLION
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Micron forecast stronger-than-expected third-quarter revenue after reporting a sharp jump in second-quarter sales, fueled by booming demand for memory used in AI systems. Reuters reported that revenue hit $23.86 billion, beating expectations, while the company said it would increase 2026 capital spending by $5 billion to more than $25 billion to keep up.