Micron Shares Close up 6% as Sales Exceed Estimates

The video discusses the economic growth since 2011, highlighting a revised GDP growth rate of 4.6%. It covers Micron Technology's fiscal performance, noting a significant rise in sales and stock value due to favorable chip pricing and demand. Additionally, it reports on corn futures falling to a five-year low as the U.S. harvests its largest crop, with 74% rated in good or excellent condition, the best in two decades.

What was the revised annualized growth rate of the GDP mentioned in the video?

• 5.0%

• 4.6%

• 4.2%

• 3.8%

Which company's fiscal fourth-quarter sales exceeded estimates, leading to a significant rise in share prices?

• NVIDIA

• AMD

• Micron Technology

• Intel

What percentage did Micron Technology's revenue increase in the fiscal fourth quarter?

• 49%

• 60%

• 55%

• 35%

What factor contributed to the record-breaking corn harvest in the United States?

• Drought conditions

• Advanced harvesting technology

• Increased use of fertilizers

• Favorable weather conditions

To what level did corn futures fall as a result of the large crop harvest?

• Three-year low

• Four-year low

• Five-year low

• Six-year low