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Shares of Micron pop 14% on earnings beat driven by AI boom

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Shares of Micron pop 14% on earnings beat driven by AI boom

The Micron Technology headquarters in Boise, Idaho, on March 28, 2021.

Jeremy Erickson | Bloomberg | Getty Images

Shares of Micron popped more than 14% in extended trading on Wednesday after the company announced

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that beat analysts and offered rosy guidance. The company, which makes memory and storage for computers, said it has benefitted from the artificial intelligence boom.

Here’s how the company…

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