Micron Technology reaches one trillion dollar market cap following massive stock surge

May 26, 2026, 6:33:48 PM UTC(1 day ago)

Impact: High

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Shares of Micron Technology jumped as much as 20 percent on May 26 2026 marking the company's largest single day gain in over fifteen years
The rally was triggered by UBS tripling its price target for the stock to 1625 dollars citing insatiable demand for high bandwidth memory chips used in artificial intelligence
Micron reported that its entire 2026 supply of high bandwidth memory chips is already sold out due to a global memory shortage
Analysts noted that new multi year contracts with partially fixed pricing are transforming the financial profile of the semiconductor giant
The company joins an elite group of chipmakers including Samsung and Nvidia that have surpassed the one trillion dollar valuation milestone

JUST IN: Micron $MU rises 20% in its biggest one-day gain since 2011, surpassing a $1 trillion market cap. https://t.co/GCC8y3Mw7I