Micron Stock Faces Headwinds as Major Facility Timeline Pushed Back

Memory chip leader Micron Technology delivered disappointing news to investors this week, announcing significant delays to its highly anticipated manufacturing complex in New York. Rather than commencing construction in 2024 as initially scheduled, groundbreaking for the massive facility will now begin in mid-2026, pushing operational startup to 2030. This development raises questions about whether the company’s stock can maintain its impressive performance trajectory amid the artificial intelligence boom despite this substantial setback.

The delay presents a striking contrast to Micron’s current market position. The company is experiencing unprecedented growth driven by soaring demand for artificial intelligence technologies. Its High-Bandwidth Memory (HBM) and advanced DRAM products are in particularly high demand, with Read more...