MU is trading at $404.30 (+3.91%) in pre-market after announcing a $24 billion investment over the next decade to build an advanced NAND wafer fab in Singapore.
- The investment expands manufacturing capabilities and includes a new HBM packing plant set to launch next year.
- This follows last week's Letter of Intent (LOI) to acquire a Taiwan fab site for $1.8B, significantly boosting capacity.
- Retail sentiment remains extremely bullish due to high volume and strong demand driven by AI memory needs.