Micron Tops Expectations, but Shares Slip as Spending Plans Take Center Stage
Micron Technology posted strong quarterly results this week, driven by booming demand for AI-related memory chips, but the company’s stock slipped as investors focused on sharply higher capital spending plans needed to keep up with that demand. For its fiscal second quarter ended Feb. 26, Micron reported revenue of $23.86 billion, up sharply from a Read More…