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Micron joins the trillion-dollar club, with the AI race driving a surge in memory chip demand

DeepFlowTech
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Deep Tide TechFlow News, May 26, Tuesday, Micron Technology (MU.O) market capitalization first surpassed $1 trillion. The company experienced a rapid surge, solidifying its position as one of the top winners in the AI boom as the largest US memory chip manufacturer. Micron's stock price once rose 18%, reaching $886.6, a record high. Previously, UBS significantly raised its target price from $535 to $1,625. According to LSEG data, this is the highest target price among the 46 brokerages tracking the company. This milestone not only highlights the central role of memory chips in AI infrastructure but also reflects a broader shift in AI investment: after an initial surge in investing in graphics processing unit manufacturers, investors are now seeking companies that can benefit from the massive spending plans of tech giants. South Korea's Samsung Electronics, the world's largest memory chip manufacturer, has already surpassed $1 trillion in market value, and SK Hynix is also approaching this level. (Jin10)
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