Micron joins the trillion-dollar club by supporting the AI race

NVIDIA Corporation
Micron Technology, Inc.

NVIDIA Corporation

NVDA

0.00

Micron Technology, Inc.

MU

0.00

May 26 (Reuters) - Micron's market capitalization surpassed $1 trillion for the first time on Tuesday, capping a stunning rally that has cemented the largest U.S. memory chip maker's position among the top winners of the artificial intelligence boom.

The company's stock rose 18 percent to $886.6, and data from the London Stock Exchange Group indicates that today's rise comes after UBS brokerage raised its target price for the stock from $535 to $1,625, the highest price among 46 brokerage firms covering the stock.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.