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المشهد العربي
MicroTech profits surpass rivals
Micron Technology achieved an unprecedented leap in its quarterly profits thanks to strong demand for memory chips and modules dedicated to artificial intelligence, leading to the company's performance surpassing that of tech giant Nvidia in profit growth within the S&P 500 during the third quarter. The company's official results are expected to be announced on Wednesday, September 30, with estimates indicating a roughly 940% increase in earnings per share compared to the previous year, driven by rising prices for memory chips in global markets. This surge comes amid limited supply and increasing demand, contributing to higher revenues and strengthening its competitive position in the technology market.
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