Micron joins $1 trillion club as AI race powers memory chip boom

NVIDIA Corporation
Micron Technology

NVIDIA Corporation

NVDA

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Micron Technology

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May 26 (Reuters) - Micron MU.O topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the largest U.S. memory chipmaker as one of the standout winners of the AI boom.

The company's shares were last up 18% at $886.6, with Tuesday's boost coming after brokerage UBS increased its price target on the stock to $1,625 from $535, which is the highest among the 46 brokerages that cover the stock, according to LSEG data.


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