🔴 Micron Technology ETF (MU.TO) is trading 3.16% down as higher FY27 spending overshadows strong results

MU.TO is trading at CA$45.32, with a -3.16% change, as investors weigh Micron’s sharply higher planned capital spending.

• Micron’s strong quarterly results and outlook have been overshadowed by its spending plans.
• The plans include about $25 billion in first-half FY27 CapEx; investors may be concerned about the investment’s scale and payoff, weighing on Micron-linked exposure.
• Broader trading was mixed, and U.S. manufacturing data was still pending at 10:03 a.m. ET.