On January 28, Zavier Wong, a market analyst with eToro, remarked that Micron Technology's plan to expand its factory in Singapore could set off a ripple effect throughout the semiconductor supply chain and uplift market sentiment within the chip sector.

He highlighted that Micron's fresh investment of $24 billion not only underscores the company's resolve to keep pace with the surging demand for artificial intelligence but also mirrors its approach of prudently overseeing capacity expansion to steer clear of an oversupply situation.

Wong delved into the analysis, noting that despite the hazards tied to significant capital outlays, Micron must uphold price discipline and fulfill its capacity expansion commitments. He further mentioned that if the expansion is carried out effectively, Micron is anticipated to sustain its key beneficiary status in the AI-fueled memory cycle in the years ahead.