June 27 Reuters Micron shares fell 5 in early trading on Thursday after the memory chipmaker39;s quarterly revenue forecast failed to impress investors looking for outsized results powered by the AI boom.

The company, one of the few providers of highbandwidth memory HBM chips that power advanced AI systems, has said it had sold out those chips for this year and the next, driving up expectations.

Micron39;s shares have more than doubled in the past year, including an about 14 runup this month ahead of the results on Wednesday.

The company forecast fourthquarter revenue to rise about 90 to 7.6 billion, plus or minus 200 million, in line with analysts39; average estimate. At least one estimate had been as high as 8.11 billion, according to LSEG.

Anything less than fantastic is not good enough when your share price got multiplied by three in just about 18 months, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank in a note.

The chipmaker is set to lose 8.3 billion at current levels of 134.8.

The market reaction underscores the high expectations for every company that is part of the AI ecosystem, said analysts at Saxo Bank.

Some analysts, however, were positive about the firm39;s markets, after the company beat estimates for thirdquarter revenue.

Goldman Sachs analysts viewed the stock39;s pullback as an opportunity to add to positions as the brokerage continues to see market share gains for Micron in the lucrative HBM market.

Piper Sandler39;s Harsh Kumar…