Micron MU announced Monday that it was raising guidance across a few metrics for the fiscal fourth quarter, which ends Aug. 28. Now, Micron expects quarterly revenue of $11.2 billion, plus or minus $100 million, whereas it previously set revenue guidance at $10.7 billion, plus or minus $300 million.

Micron Technology, Inc. (NASDAQ: MU) is one of the AI Stocks Investors Are Watching Closely. On August 12, TD Cowen analyst Krish Sankar reiterated a Buy rating on the stock with a $150.00 price target. Sankar’s optimism for Micron stems from several factors.

On Monday, the chip maker announced it is updating its financial guidance for the current quarter. Micron now expects revenue for its fiscal fourth quarter to come within a range of $11.1 billion to $11.