Micron Reclaims $1 Trillion Valuation as AI Memory Demand Surges
MU has more than doubled off its 52-week low of $113.46.
Summary
Micron rose over 7% to $932.46, pushing its market cap back above $1 trillion. The move was driven by a broad AI infrastructure rally: Temasek is reportedly planning stakes in Samsung and SK Hynix, CoreWeave raised its 2026 capex to $39 billion, and Intel's CEO said memory makers are sold out for two years. This follows Micron's record Q3 results and $200 billion U.S. manufacturing plan announced in May. The stock is now the 15th largest in the world, with the Roundhill Memory ETF up 7.7% on the day.
At the time of this announcement, MU was trading at $924.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $113.46 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.