Thursday, 19 March, 2026
Micron Forecasts Strong Revenue Amid AI Boom but Shares Dip on Spending Plans
By Isha
Micron Technology has projected robust revenue growth driven by the surging demand for high-bandwidth memory chips essential for artificial intelligence. Despite the optimistic sales outlook, the company’s stock price retreated as investors reacted to plans for significantly higher capital expenditures. Micron intends to ramp up spending on manufacturing and advanced technology to maintain its competitive edge.
Read full story at Economic Times