Micron Technology, Inc. has reported a remarkable rise in its stock price after releasing its fourth-quarter earnings that surpassed both revenue and earnings per share estimates, buoyed by robust demand for memory chips, particularly from the AI sector. The company's Q4 EPS was $1.18, exceeding the consensus estimate of $1.13, contributing to a strong positive market reaction. Following the announcement, analysts noted an optimistic forecast for the first quarter, with expectations for revenue growth driven by increasing investments in AI technologies. This strong guidance has surprised many investors, leading to a surge in Micron's shares as they rallied in after-hours trading. The combination of exceeding earnings expectations and a favorable outlook has sparked significant interest among investors, with some analysts maintaining bullish views despite recent target cuts ahead of the earnings report.