Micron shares are trading lower after the company raised its 2024 capex expectations.
Portfolio Pulse from Benzinga Newsdesk
Micron shares are trading lower after the company reportedly raised its 2024 capital expenditure expectations.

May 21, 2024 | 12:22 pm
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NEGATIVE IMPACT
Micron shares are experiencing a decline following the company's announcement of increased capital expenditure expectations for 2024.
The increase in capital expenditure expectations suggests higher future costs, which may concern investors about potential impacts on profitability, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100