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

Micron Technology briefly topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the U.S.’s largest memory chipmaker as one of the standout winners of the AI boom. Micron’s shares were last up 17.4% at $881.6 after rising as much as 19.3% earlier in the session, with Tuesday’s boost coming after brokerage UBS increased its price target on the stock to $1,625 ‌from $535 – the highest among ⁠the ⁠46 brokerages covering the company, according to LSEG data.