Micron slips as hefty spending plan overshadows AI-driven earnings
TL;DR Summary
Micron Technology posted solid earnings driven by AI demand but announced a large capex/spending plan to expand capacity, sending MU stock down roughly 5% as investors weighed the growth outlook against the heavier-than-expected spending outlook.
- Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings Yahoo Finance
- Micron falls more than 5% despite blockbuster earnings. Here's what market watchers are saying CNBC
- Why Micron’s Forecast Is Too Good—Heard on the Street WSJ
- Micron Earnings Were Exceptional. Why the Stock Is Falling Anyway. Barron's
- Micron posts better-than-expected Q2 results and Q3 guidance Yahoo Finance
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