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2026-05-26 23:27:58
Micron Joins the Trillion-Dollar Club as AI Race Fuels Memory Chip Boom] On Tuesday, Micron Technology's market capitalization surpassed the $1 trillion mark for the first time, experiencing a rapid surge and solidifying its position as one of the leading winners in the AI boom as the largest U.S. memory chip manufacturer. Micron's stock price rose as much as 18% to a record high of $886.6. This followed UBS's significant price target increase from $535 to $1,625, the highest among the 46 brokerages tracking the company. This milestone not only highlights the central role of memory chips in AI infrastructure but also reflects a broader shift in AI investment: after an initial rush to invest in graphics processor makers, investors are now looking for companies that can benefit from the massive spending plans of tech giants. Samsung Electronics, the world's largest memory chip manufacturer, has already surpassed the $1 trillion market capitalization, and SK Hynix is also approaching that level.
