TECH - What's Going On With Biden's Chips Act Beneficiary Micron Tech Stock Tuesday? | Benzinga
Micron Technology, Inc. (NASDAQ: MU) shares are trading lower after the company raised its 2024 capex expectations on Tuesday.
The key $280 billion U.S. CHIPS Act beneficiary now expects fiscal 2024 capital expenditure of $8 billion, higher than prior expectations of $7.5 billion.
Micron is a leading provider of high-bandwidth memory (HBM) chips, which are critical components of the hardware used in artificial intelligence servers. Nvidia Corp’s (NASDAQ:NVDA) H200 chips will leverage Micron’s advanced HBM3E.
Also Read: Micron’s $6.1B CHIPS Act Funding ...