Micron authorizes record $35.16B share buyback program starting Dec. 9

What happened: MicronTechnology (MU) raised its discretionary share buyback authorization to a record $35.16B, with the program set to begin on December 9, according to a filing. Key numbers: $35.16B buyback authorization. Program starts December 9. Stock up over 240% year to date. Why it matters: The buyback is the largest in the company's history, and the stock's AI-driven gain of more than 240% year to date is the context the filing cites for the move.

MicronTechnology (MU) raised its discretionary share buyback authorization to a record $35.16B, with the program set to begin on December 9, according to a filing.

The buyback is the largest in the company's history, and the stock's AI-driven gain of more than 240% year to date is the context the filing cites for the move.