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Micron Technology shares rebound amid ongoing data center construction concerns

The Motley Fool · ·by G4L

MU Micron Technology Inc
$733.33 +6.28%
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  1. 1Micron Technology recorded a 17.5% decline in its share price on Thursday.
  2. 2Micron achieved revenue of $54.23 billion in the recent quarter.
  3. 3Moratoriums on new construction could lead to a reduction in AI capital expenditure.

So what's the key point?

Micron Technology's share price fell significantly by 17.5 percent. This is due to concerns that the costs for building artificial intelligence facilities could decrease.

Source The Motley Fool · View original ↗

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