Micron Tops $1 Trillion Value on 18% Surge as UBS Lifts Target to $1,625
Updated
Updated · CNBC · May 26
Micron Tops $1 Trillion Value on 18% Surge as UBS Lifts Target to $1,625
12 articles · Updated · CNBC · May 26
Micron crossed a $1 trillion market capitalization for the first time Tuesday after its shares jumped 18%, extending a rally that has already more than tripled the stock this year.
UBS drove the latest move by raising its price target to $1,625 from $535, arguing AI demand and long-term supply agreements with partly fixed pricing could support a higher valuation multiple.
AI-driven demand for memory used in processing agentic workloads is tightening global supply, giving Micron and other memory chipmakers room to raise prices.
The surge underscores how investors are broadening beyond leading AI processor names into secondary chipmakers positioned for the next stage of the AI buildout.
Can long-term contracts truly shield Micron from its historic volatility, justifying an Nvidia-like valuation?
With AI giants hoarding memory chips, are PCs and smartphones about to become far more expensive?
Is the AI boom ending the memory industry's historic boom-bust cycle, or just setting up a larger crash?
Micron’s Explosive HBM Growth: $20B CapEx, AI Supercycle, and the Race for Memory Market Leadership
Overview
Micron Technology is experiencing significant momentum in 2026, driven by robust performance across key segments and strong fundamental health. The company’s cloud memory business stands out as a primary catalyst, with recent reports highlighting explosive expansion—nearly doubling revenue year over year. This growth translated into $5.28 billion in revenue from the cloud memory sector alone, reflecting Micron’s operational efficiency and market strength. These achievements underscore Micron’s impressive growth trajectory and position the company as a leader in the rapidly evolving memory industry.