Micron Predicts Robust Revenue from AI Surge; Increased Spending Plans Impact Shares

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Micron's AI Boom: Strong Revenue Forecast, But Higher Spending Knocks Shares

Signage outside the Micron Technology offices in San Jose, California, US, on Tuesday, June 24, 2025. Micron Technology Inc. is scheduled to release earnings figures on June 25.

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CNBC TV18•19-03-2026, 08:24

Micron's AI Boom: Strong Revenue Forecast, But Higher Spending Knocks Shares

•Micron forecasts strong Q3 revenue, exceeding Wall Street expectations, driven by booming AI memory chip demand.
•Shares fell 5% after Micron announced a $5 billion increase in its 2026 capital spending plan to meet rising demand.
•The company plans over $25 billion in spending this fiscal year, with further increases in 2027 due to facility expansion.
•Acquisition of a fabrication plant from Powerchip Semiconductor Manufacturing Corp for $1.8 billion contributes to higher 2026 spending.
•Micron, a key supplier of high-bandwidth memory chips for AI, reported record profit margins amid a supply crunch.

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