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Macy's stock rises 7% after announcing new investments
Microron's stock rose by 7% after announcing a new investment round worth up to $3 billion, aimed at strengthening the US semiconductor supply chain. The investments include expanding manufacturing activities in Texas and a 10-year supply agreement, with plans to increase investments to $250 billion by 2035 to keep up with the rising demand for memory due to the expanded use of artificial intelligence.
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