Micron Joins the $1 Trillion Club as AI Demand Rewrites Its Fate
Micron Technology crossed $1 trillion in market value, entering the 10th spot among US companies as AI-driven demand for its memory chips boosts revenue and supports multi-year customer contracts. UBS lifted its price target to $1,625, implying about $1.8 trillion in value and a potential pass of Tesla and Meta. While the stock looks reasonably valued on forward earnings, memory remains highly cyclical and the company plans more than $25 billion in capex this year to expand capacity, posing risks if AI demand slows.









