Micron Continues To Expect Capital Expenditures To Be About $7B For Fiscal Year, Thus Near $1B In Fiscal Q4
Portfolio Pulse from Benzinga Newsdesk
Micron Technology Inc. expects its capital expenditures to be around $7 billion for the fiscal year, which implies nearly $1 billion in fiscal Q4.
June 28, 2023 | 8:12 pm
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NEUTRAL IMPACT
Micron Technology's expected capital expenditure of $7 billion for the fiscal year indicates a significant investment in its operations.
The news about Micron's expected capital expenditure is directly related to the company's financial planning and investment in its operations. However, it's unclear how this will affect the company's stock price in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100