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Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ (Ian King/Bloomberg) 20-03-2024

Ian King / Bloomberg: Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+  —  – Sales outlook far exceeds what analysts were estimating  — Micron is one of ‘biggest beneficiaries’ of AI boom, CEO says Lees verder op Tech Meme

Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B (Bloomberg) 20-03-2024

Bloomberg: Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B  —  – Chip connectivity firm’s IPO fourth largest in US this year  — Share sale elevates expectation for IPOs including Reddit’s Lees verder op Tech Meme

The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate (Alfred Ng/Politico) 20-03-2024

Alfred Ng / Politico: The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate  —  The first major Capitol Hill action on tech in years passes the House with broad support — and steers straight … Lees verder op Tech Meme