Micron Technology (MU) Stock After the Bell: $9.6 Billion Japan AI Bet, $338 Target and December 17 Earnings Countdown
Micron Technology shares closed up 1.7% at $240.50 on Monday after announcing a ¥1.5 trillion ($9.7 billion) investment in a new AI memory chip plant in Hiroshima, Japan. The stock traded near record highs, with volume at 14 million shares. Japan’s government may provide up to ¥500 billion in subsidies for the project. Construction is set to begin in May 2026, with shipments targeted for 2028.