Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
By Joel Jose
Published on March 19, 2026.
Micron shares have dropped as the company announced plans to increase its 2026 capital spending plan by $5 billion to meet growing demand, bringing its total investment for the current fiscal year to over $25 billion. The chipmaker's shares have risen by over 61% this year after a 240% surge in 2025. The company expects further expansion in manufacturing capacity in 2027, which is expected to drive construction-related costs more than $10 billion higher compared to 2026. Shares of Samsung and SK Hynix fell 3.84% and 4.07% on Thursday.
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