Micron’s Capital Spending Growth; Uber to Invest in Rivian; FedEx Preview
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Micron Technology (MU) warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips. - Uber Technologies (UBER) plans to invest as much as $1.25 billion in carmaker Rivian Automotive (RIVN) to help launch a robotaxi fleet that will be available in the US, Canada and Europe over the next five years. - FedEx (FDX) is expected to report profits that beat expectations as the company…
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