Micron stock jumps after $24 billion Singapore fab plan; MU investors turn to pricing and capex
Micron Technology Inc’s shares surged 5.3% to end Tuesday at $409.86, following the announcement of a $24 billion investment to expand its manufacturing base in Singapore over the next 10 years. “Micron’s leadership in advanced memory and storage is enabling the AI-driven transformation reshaping the global economy,” said Manish Bhatia, the company’s executive vice president of global operations. The stock traded between $400 and $416.40, with around 30 million shares changing hands.
