Dollar Tree Misses Estimates; Meta to Spend on AI Infrastructure; Micron Closes Purchase Tongluo P5 Site
Update: 2026-03-16
Description
On this episode of Stock Movers:
- Dollar Tree (DLTR) forecast net sales for the full year; the guidance missed the average analyst estimate.
- Meta Platforms (META) will pay as much as $27 billion over the next five years for access to cutting-edge artificial intelligence infrastructure from cloud provider Nebius Group NV as it spends aggressively to compete with the industry’s top frontier models.
- Micron Technology (MU) announced it has completed the acquisition and assumed ownership of Powerchip Semiconductor Manufacturing Corporation's P5 site in Tongluo, Miaoli County, Taiwan, under the acquisition agreement previously announced on January 17, 2026.
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