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

Micron joins the $1 trillion club as AI demand boosts memory chipmakers. Shares surge 18% after UBS price target hike. Bond.az covers.

Sarah Johnson
BySarah Johnson- Senior Editor
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Micron joins $1 trillion club as AI race powers memory chip boom
Photo: Prepared by Bond.az

Micron topped $1 trillion in market value for the first time on Tuesday, cementing its position as one of the biggest winners of the AI boom.

The company's shares surged 18% to $886.6, following UBS raising its price target to $1,625 from $535, the highest among 46 brokerages covering the stock, according to LSEG data.

Bond.az reports that the U.S. memory chipmaker now joins the elite $1 trillion club.

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