Micron (MU) Stock Rises on $200 Billion U.S. Manufacturing Expansion

TLDR Micron Technology is pouring $200 billion into U.S. chip manufacturing with factories in Boise ($50B), Syracuse ($100B), and Japan ($9.6B) to combat a severe AI-driven memory shortage. Gross margins exploded from 18.5% in early 2024 to 56% last quarter, with 68% expected this quarter, nearing Nvidia’s premium 73% margins. MU stock surged 44% year-to-date [...]

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