Micron Technology gains on upbeat Q1 guidance
** Shares of memory chipmaker Micron Technology MU.O rise 15.6% to $110.75 in premarket trading
** Co forecasts record Q1 revenue of $8.7 bln, plus or minus $200 mln, on higher demand for its memory chips; analysts expected Q1 rev of $8.28 bln - LSEG data
** Co sees Q1 gross margin of 39.5% vs analysts estimate of 37.7%
** Co reports Q4 revenue of $7.75 bln, above analysts' expectations of $7.64 bln - LSEG data
** Other chipmakers also advance premarket; Nvidia NVDA.O, Qualcomm QCOM.O, Marvell Technology MRVL.O, and U.S.-listed shares of Arm Holdings ARM.O up between 2% to 3%
** Majority of brokerages rate the stock "buy" or higher; their median PT is $145
** As of last close, MU stock had risen 12.22% YTD, compared to a 20.42% increase in Nasdaq index .IXIC
Reporting by Nikhil Sharma in Bengaluru
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