Micron Joins The Trillion-Dollar Club After Surging 18% Tuesday

BreakingBusinessMicron Joins The Trillion-Dollar Club After Surging 18% TuesdayByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 26, 2026, 11:12am EDTMay 26, 2026, 11:14am EDTToplineChipmaker 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. The Micron Technology Ink logo is displayed on a mobile phone with the company branding visible in the background, in this photo illustration in Brussels, Belgium, on December 14, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images)NurPhoto via Getty ImagesKey FactsUBS analysts raised their price target more than threefold to $1,625, compared with the stock's Friday close of $751.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.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video