Micron Jumps to a 52-Week High as Cloud Giants Warn of Soaring Memory Costs

Overview

• Micron shares, which rose more than 5% on Friday, reached $543.90 to set a new 52-week high.
• Meta lifted its 2026 capital spending outlook to $125 billion to $145 billion and said higher memory prices account for most of the increase.
• Microsoft said its $190 billion 2026 budget includes $25 billion tied to pricier components, and Amazon said memory costs have skyrocketed with capacity in short supply.
• TD Cowen said Micron’s high‑bandwidth memory capacity for 2026 is already sold out, underscoring how tight supply has become.
• Micron reported fiscal Q2 revenue of $23.86 billion, up from $8.05 billion a year earlier, and said it set records for margin, earnings, and free cash flow.