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Micron joins $1 trillion club as AI race powers memory chip boom
UBS said long-term supply agreements and AI demand could push Micron’s earnings higher as the stock jumped 18% on Tuesday.
- 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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The stock of the memory manufacturer rose 18% this Tuesday after an upward revision of the target price by UBS, which tripled its estimate to US$1,625 per share.The Micron Technology semiconductor company surpassed this Tuesday for the first time in its history a market value of one trillion dollars, after its shares shot 18% on the stock day, pushed by the demand for memory chips associated with artificial intelligence (IA).The rise was partly …
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Total News Sources56
Leaning Left7Leaning Right9Center25Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
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