Home Finance & Banking Micron Hits $1 Trillion Market Value—Latest Winner Of AI Chip Boom
Finance & Banking

Micron Hits $1 Trillion Market Value—Latest Winner Of AI Chip Boom

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Micron Hits  Trillion Market Value—Latest Winner Of AI Chip Boom
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Chipmaker Micron Technology hit a $1 trillion market value for the first time Tuesday after shares jumped 18%, topping $890, fueled by a Wall Street upgrade signaling that memory chips are one of the most important parts of building AI along with processing chips made by the likes of Nvidia.

Key Facts

UBS analysts raised their price target more than threefold to $1,625.

The new target implies a potential valuation of close to $1.8 trillion for the company by the next twelve months.

This is a developing story and will be updated.

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