Micron Hits $1 Trillion Market Cap as HBM4 Shipments to Nvidia Drive 19% Stock Surge
Updated
Updated · tradingkey.com · Jun 18
Micron Hits $1 Trillion Market Cap as HBM4 Shipments to Nvidia Drive 19% Stock Surge
3 articles · Updated · tradingkey.com · Jun 18
Summary
$1 trillion in market value came after Micron shares jumped 19%, extending a six-month gain of more than 283% as investors bet on AI-memory demand.
HBM4 is the main catalyst: Micron said volume shipments are already tied to Nvidia AI platforms, with 2026 supply and pricing agreements completed and demand effectively secured into 2027.
Fiscal Q2 cloud-memory revenue hit a record $7.75 billion, up from $5.28 billion in Q1, while management projected fiscal Q3 revenue of $33.5 billion and further earnings upside.
Geopolitical and trade risks still hang over access to some global AI customers, but Micron argues its manufacturing footprint and five-year customer commitments outside China cushion that exposure.
The broader bet is that HBM demand keeps expanding fast—Micron sees the market growing about 40% annually through 2028—leaving the stock viewed as fairly priced despite the rally.