Stock Movers Micron’s Capital Spending Growth; Uber to Invest in Rivian; FedEx Preview
Mar 19, 2026
Matthew Griffin, Bloomberg markets reporter who breaks down stock-moving company news. He walks through Micron’s surprise capital-spend warning and investor reaction. He covers Uber’s big Rivian investment and plans for robo-taxis. He previews FedEx’s restructuring and what its results could signal about consumer spending.
AI Snips
Chapters
Transcript
Episode notes
Micron's Capex Surge Signals AI Demand And Investor Skepticism
- Micron faces booming AI-driven demand but investor worry about capex weighs on the stock.
- Management expects capex > $25 billion this year versus $22.4 billion Wall Street estimate, fueling a 340% revenue-driven rally yet raising spending concerns.
Memory Chips At The Heart Of AI Growth
- Micron's memory chips are central to AI model training and deployment, driving revenue momentum.
- Shares rose about 340% over 12 months as that demand flowed through to sales, even as spending needs escalate.
Uber Commits To Rivian RoboTaxi Fleet
- Uber will buy roughly 10,000 Rivian R2 autonomous vehicles and may invest up to $1.25 billion in Rivian to launch a RoboTaxi fleet.
- Rollout targets San Francisco and Miami in 2028 with eventual expansion across the US, Canada and Europe.