Micron Now Expects Full Year 2024 Capex Of About $8B vs Prior Forecast Of About $7.5B
Portfolio Pulse from Benzinga Newsdesk
Micron Technology has revised its capital expenditure forecast for the full year 2024 to approximately $8 billion, up from the previous estimate of $7.5 billion.
May 21, 2024 | 12:21 pm
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Micron Technology has increased its capital expenditure forecast for the full year 2024 to $8 billion, up from the previous estimate of $7.5 billion. This suggests a more aggressive investment strategy, potentially indicating confidence in future growth and demand.
The increase in capital expenditure forecast suggests that Micron is planning to invest more heavily in its operations, which could be a sign of expected growth and increased demand for its products. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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