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.
104 Articles
104 Articles
Micron Stock Price: Expert Claims It Could Rerate Like Nvidia As UBS Raises Target Price to 200%
Micron stock price could surpass its record highs according to a Wall Street analyst, sparking a huge rally for the tech company. UBS Group analyst Timothy Arcuri is aggressively bullish on Micron stock price, having raised his 12-month price target from £398 to £1,209 ($535 to $1,625) on Tuesday. That's reflective of Micron Technology's performance, its shares surging close to 850 per cent over the past 12 months. Despite the gains, Arcuri thin…
Micron Joins $1 Trillion Market Cap Club
There’s another one for the memory books. Shares of Micron surged nearly 20% on Tuesday, enabling the maker of critical high-bandwidth memory (HBM) to join a dozen or so members of the exclusive $1 trillion market cap club. The big bounce came after a big endorsement from UBS analyst Timothy Arcuri. Oh, and a big weekend shoutout from the president of the United States probably helped as well. Short-Term Memory Loss The computer memory shortage …
Micron Surges Almost 20%
The US stock market rose to records Tuesday as it caught up with climbs for others around the world from the day before, when President Trump said negotiations were "proceeding nicely" with Iran on ending their war. The S&P 500 rose 45.65 points, or 0.6%, to 7,519....
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