The Bad PlaceTimes of India | US chipmaker Micron reaches $1 trillion market capitalization for the first time
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US chipmaker Micron Technology briefly surged past a $1 trillion market valuation on May 26, driven by soaring investor enthusiasm for artificial‑intelligence‑related memory chips. The stock jumped more than 17 % after UBS lifted its price target, reaching an intra‑day high of 19.3 % as analysts highlighted the rapidly growing demand for advanced high‑bandwidth memory used in AI data centers and cloud infrastructure. Reuters noted that Micron’s shares have climbed eight‑fold over the past year amid tight supply and heightened competition, with the company already selling out its entire 2026 high‑bandwidth‑memory inventory. The milestone underscores the broader shift of capital toward firms supplying key AI hardware, alongside fellow memory makers Samsung and SK Hynix, which are also benefiting from the AI boom.
US chipmaker Micron reaches $1 trillion market capitalization for the first time
US chipmaker Micron Technology briefly crossed a market value of $1 trillion on May 26 as investor excitement around AI continued to drive demand for memory chips. According to a report by news agency Reuters, the sharp rally made Micron one of the biggest winners of the AI boom, with its shares rising more than 17% during trading.