The US stock market recently saw a major shift: Micron Technology's market cap officially surpassed Meta, successfully ranking among the top ten US companies by market value.

According to the latest market data, Micron's intraday market cap once reached $1.398 trillion, overtaking Meta's $1.392 trillion, marking a historic breakthrough. The stock price surged nearly 19% in a single day, and has repeatedly hit new all-time highs this year.

Many people wonder why a company that makes memory chips can surpass social media giant Meta in market cap. The core reason is the explosive growth of AI computing power, leading to surging demand for HBM high-speed memory.

Major cloud vendors and AI giants are aggressively stockpiling high-end memory chips, with order volumes continuously soaring. Micron's latest quarterly revenue surged more than threefold year-over-year, with gross margin directly breaking 84%, significantly boosting profitability.

Wall Street investment banks have also sharply raised their target prices, optimistic that the memory chip industry is entering a super upcycle. The storage sector, once considered a cyclical industry, has now become essential hardware for AI computing power.

The capital logic has changed: whoever controls high-performance memory capacity will hold the initiative in the AI industry chain. This round of memory chip rally may only be at its midpoint. #美光市值超越Meta跻身全美前十