Micron joins the $1T club as AI race supercharges memory chip demand
Micron Technology has reached a market cap of $1 trillion, becoming the second memory chipmaker to achieve this milestone. This surge was driven by a UBS upgrade that significantly raised the company's price target due to high demand for high-bandwidth memory chips in AI infrastructure. With sold-out capacity through 2026, Micron is positioned strongly in the market, although risks remain due to the cyclical nature of the memory chip industry.
- ▪Micron's stock surged 19% on May 26, closing at approximately $891 per share.
- ▪The UBS upgrade raised Micron's price target from $535 to $1,625, the highest on Wall Street.
- ▪Micron's high-bandwidth memory capacity is fully sold out through 2026, with quarterly revenues around $2 billion.
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Micron joins the $1T club as AI race supercharges memory chip demand A massive UBS upgrade and sold-out HBM capacity through 2026 propelled the chipmaker past a trillion-dollar valuation, making it only the second memory company to reach that milestone. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Micron Technology crossed the $1 trillion market cap threshold on May 26, closing…
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