Micron Technology Inc., the largest US maker of computer memory chips, gave a strong sales forecast for the current quarter, bolstered by demand for artificial intelligence products.

Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in after-hours trading.

Growth in sales of its highest-capacity memory products was rampant, and its stock moved higher after-hours. The company reported second-earnings before certain costs such as stock compensation of $1.