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On May 26, Micron Technology's market capitalization surpassed $1 trillion for the first time on Tuesday, with its stock price surging by 18% to reach an all-time high of $886.6. Previously, UBS significantly raised its target price from $535 to $1,625, the highest among the 46 brokerages tracking the company. Micron's rapid rise solidifies its position as the largest U.S. manufacturer of memory chips and highlights the central role of memory chips in AI infrastructure. This shift reflects a broader trend in AI investment: after initially investing in graphics processor manufacturers, investors are now seeking companies that can benefit from the spending plans of tech giants. South Korea's Samsung Electronics, the world's largest memory chip manufacturer, has already surpassed a $1 trillion market capitalization, while SK Hynix is nearing this milestone as well.
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