AI & TECH
Micron Beats Revenue Expectations, Increases AI Spending by $5 Billion
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Micron forecast stronger-than-expected third-quarter revenue after second-quarter sales jumped, fueled by AI system memory demand, with revenue hitting $23.86 billion and capital spending increasing by $5 billion to over $25 billion for 2026. The company is one of three major global suppliers of high-bandwidth memory, though its stock fell as investors focused on the spending scale.