Micron hits $1 trillion market cap for the first time

TECH

Micron hits $1 trillion market cap for the first time as stock surges 18%

PUBLISHED TUE, MAY 26 202610:45 AM EDTUPDATED 1 MIN AGO

Samantha Subin@SAMANTHA_SUBIN

 

KEY POINTS

• Micron topped a $1 trillion market value for the first time on Tuesday.
• Shares popped after UBS nearly tripled its price target on the stock.
• Micron is among a new group of chipmakers benefitting from the shift to agentic AI.