🟢 Micron is trading 4.39% up today driven by $24 billion Singapore facility investment announcement

MU is trading up 4.39% at $406.19 after Micron announced plans to invest a massive $24 billion in a new Singapore facility, signaling strong memory-chip demand driven by accelerating AI adoption.

• The major capital commitment reflects management confidence in long-term industry trends and tight DRAM/NAND supply conditions, with the HBM market projected to reach $100 billion by 2028.
• The surge follows record fiscal Q1 2026 results, which saw $13.64 billion in revenue and record free cash flow.
• Management provided strong Q2 guidance, projecting revenue of $18.70 billion.