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Micron just became a $1 Trillion company 🚨📈
$MU crossed the $1T market cap for the first time ever today, joining the most valuable companies on the planet driven entirely by AI.
What happened
- Stock closed up 19% in a single day at $895.88
- Added $220 billion in market cap in one session
- Up 240% year-to-date
- Up 1,028% over the last 12 months
- UBS raised its price target to $1,625, implying a $1.8 trillion valuation
- Memory shortage tied to AI buildout has chipmakers locked into long-term supply deals at fixed prices
- Now the 11th largest US company, ahead of Walmart
- Trump name-dropped Micron at a New York rally three days before the move
- Was worth less than $70 billion a year ago
Micron is now bigger than JPMorgan, Walmart, and Eli Lilly. My prediction we see $1,500 before the end of July.