Micron joins $1 trillion club as AI race powers memory chip boom
UBS nearly tripled its price target to $1,625 a share as AI demand and a global memory shortage lifted Micron’s stock to a record high.
- On Tuesday, Micron Technology topped $1 trillion in market value for the first time, with shares surging 18% to a record $886.60 driven by strong artificial intelligence demand for memory chips.
- Explosive demand for AI has created a global memory shortage, allowing chipmakers like Micron to raise prices while memory chips' central role in AI infrastructure reflects a broader investor shift toward Big Tech's massive spending plans.
- UBS nearly tripled its price target to $1,625 from $535, the highest among 46 brokerages, while Micron's entire 2026 high-bandwidth memory chip supply is already sold out, signaling demand far outstripping capacity.
- About 2,440 institutions disclosed new positions in Micron, including Rockefeller Capital Management and Schroders, while the milestone gives the U.S. a strong contender in a memory-chip race largely led by Asia.
- Micron's entry into the exclusive $1 trillion club marks a sharp rebound from the post-pandemic supply glut era, with next-generation HBM4 products now in production and the company trading at 8.42 times expected earnings versus 22.15 for the S&P 500.
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Brand consolidates the largest U.S. memory chip manufacturer as one of the winners of the artificial intelligence boom
Micron hits a $1 trillion market cap after UBS — and Trump
The logo for Micron Technology is posted at its headquarters in San Jose, California.Justin Sullivan/Getty ImagesMicron stock popped 18% on Tuesday, reaching a $1 trillion valuation for the first time.Traders cheered a bullish UBS report, which forecast the stock to rise 90% in the next year.Trump shouted out Micron at a rally on Friday, helping to boost the stock after the holiday weekend.Micron stock surpassed a $1 trillion marker cap on Tuesd…
Micron joins $1 trillion club as AI race powers memory chip boom
Micron Technology topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the largest U.S. memory chipmaker as one of the standout winners of the AI boom.
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