Micron Technology, Inc. (NASDAQ:MU) is included among the 15 Best S&P 500 Stocks to Buy Right Now.

Micron Technology, Inc. (NASDAQ:MU) is one of the largest semiconductor companies in the world, specializing in memory and storage chips.

On April 2, Erste Group downgraded its rating on Micron Technology, Inc. (NASDAQ:MU) from ‘Buy’ to ‘Hold’.

Erste believes that Micron requires ‘high investments’ to expand production, which will then have a negative impact on its free cash flow. The analyst firm also has concerns regarding the long-term sustainability of the memory cycle.

Mark Murphy, CFO at Micron Technology, Inc. (NASDAQ:MU), revealed in the company’s Q2 2026 earnings call last month that the semiconductor manufacturer intends to grow its CapEx expenditure for FY 2026 by at least 25% from $20 billion to $25 billion now. The increase is expected to go towards investments in the Tongluo fab, expansion projects in the United States, and equipment. Moreover, Micron’s CapEx is then forecasted to step up significantly also in FY 2027 to support HBM- and DRAM-related investments.

The share price of Micron Technology, Inc. (NASDAQ:MU) has fallen by over 20% since March 17, as the market reassesses the outlook for memory pricing and AI-driven demand.

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