Micron's mega US expansion: Is the stock poised for more upside?

Micron has announced plans to invest more than $250 billion in the United States through 2035, raising its earlier commitment of $200 billion, to expand domestic semiconductor manufacturing capacity for AI chips and advanced memory solutions. The company will also commit an additional $3 billion to strengthen the US semiconductor supply chain, including about $500 million to support GlobalWafers' silicon wafer facility in Texas. Micron shares surged more than 6 percent on the announcement, and analysts remain bullish on the company's positioning to benefit from AI-driven demand for high-bandwidth memory and DRAM chips.