Micron recently surpassed a $700 billion market cap, propelling it into the upper tier of US technology companies|Malaysia Skyline|CC BY 4.0
Micron Technology crossed the $1 trillion valuation threshold on Tuesday after a 19% rally fueled by strong demand for AI memory chips.
UBS boosted sentiment further by tripling its valuation target for the stock, raising it from $535 to $1,625 per share, arguing that growing AI adoption has driven persistent demand for Micron’s memory chips.
Micron recently surpassed a $700 billion market cap, propelling it into the upper tier of US technology companies.
The stock has rallied strongly in the past year, buoyed by AI-related spending from tech giants eager to secure Micron’s chips for data centers.