Jonathan Raa | Nurphoto | Getty Pictures
Micron topped a $1 trillion market worth for the primary time on Tuesday as shares popped 18% on sturdy synthetic intelligence demand for its reminiscence chips.
The inventory surge got here as UBS practically tripled its value goal on the inventory from $535 to $1,625 a share, citing long-term settlement alternatives with partially fastened pricing.
“We consider the market will begin to put a extra ‘regular’ a number of on the inventory and MU will proceed to re-rate greater as extra particulars emerge in regards to the structural adjustments AI has pushed to the complete reminiscence advanced,” the agency wrote.
The brand new value goal suggests shares may greater than double from Friday’s shut.
Micron is among the many secondary crop of chipmakers benefitting from the subsequent stage of the AI race. Traders are snapping up shares tied to central processing models and reminiscence wanted to run and course of agentic workloads.
Explosive demand for AI is resulting in a world reminiscence scarcity that is allowed chipmakers similar to Micron to hike costs. Shares have greater than tripled yr so far.
Micron shares in 2026
