Micron Board Raises Share Repurchase Authorization to $35.16 Billion

Key Facts

Micron Technology's board of directors approved an increase in its share repurchase authorization to a new ceiling of $35.16 billion. According to investing.com, the expansion of the buyback program follows a period of heightened optimism regarding the company's position in the semiconductor market.

MU closed at $1029 on October 9, 2026, during a session where the stock reached a high of $1054.17 and a low of $1017. The increased authorization reflects management's confidence in the company's long-term value and cash flow generation, which has been bolstered by robust AI-driven demand.