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Micron Joins $1-Trillion Club as Shares Surge 17.4% on May 26

GateNews

2026-05-27 10:53:08

According to Rappler, Micron Technology surpassed the $1 trillion market value milestone on May 26, with shares rising 17.4% to $881.6. Brokerage UBS increased its price target on the stock to $1,625 from $535, the highest among 46 brokerages covering the company.

The milestone reflects memory chips' central role in AI infrastructure. Micron said its entire 2026 high-bandwidth memory (HBM) chip supply is already sold out, signaling demand far outstripping production capacity.

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