🔴 MU is trading 5.25% down today on aggressive CapEx hikes despite record earnings beat

MU is trading at $437.49 (-5.25%) as aggressive CapEx hikes for HBM expansion overshadow a massive Q2 earnings beat and strong guidance.

• Micron crushed estimates with $23.86B in revenue and $12.20 EPS, while Q3 revenue guidance of $33.5B far exceeded analyst expectations.
• Management raised FY2026 CapEx to $25B to support HBM and DRAM expansion, sparking investor concerns regarding margin compression in a cyclical market.
• Broader market volatility stemming from Fed hawkishness and geopolitical tensions in the Middle East added further downward pressure on the stock.