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Micron Technology Inc. (NASDAQ:MU) shares rose on Friday. This follows earnings commentary from hyperscalers, which confirms that memory is now a primary cost driver in the AI arms race.
• Micron Technology stock is at critical resistance. What’s driving MU to record levels?
While Big Tech faces margin pressure, memory suppliers are reaping the benefits of skyrocketing prices.
The Nasdaq is up 0.71% while the S&P 500 has gained 0.49%.
Hyperscalers Face Rising Costs
Meta Platforms Inc. (NASDAQ:META) raised its 2026 capital expenditure outlook to a range of $125 billion to $145 billion. CEO Mark Zuckerberg noted “most” …
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