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-0.00085426277122843 -0.00150350247736203 -0.00171740987527774 0.00803007004954712 0.0124380659490859 0.0420468135998631 0.056313001879378 0.0611652144199555
Stock impact report

Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings [BNN Bloomberg (Canada)]

Western Digital Corporation (WDC) 
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Company Research Source: BNN Bloomberg
Demand for advanced memory chips has soared as U.S. tech giants pour billions into AI data-center buildouts, driving a supply crunch and pushing prices higher. That helped Micron deliver record margins in the quarter ended February. But the company plans to increase its fiscal 2026 capital expenditure plan by $5 billion to meet booming demand, taking the total investment for the year to more than $25 billion and said spending would rise further in 2027. The increased expenditure reflects higher spending on controlled manufacturing spaces and increased outlays for new production equipment as the company prepares for high-volume manufacturing and dynamic random-access memory investments. Most of the spending increase comes from expansion work at its site in Tongluo, Taiwan, with additional cost pressure arising from higher construction spending at its U.S. fabrication projects. Construction-related spending is set to rise by more than $10 billion from a year earlier, the compan Show less Read more
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