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Micron Technology's Market Cap Briefly Surpasses Meta and Tesla
4 hour ago /
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Author：小编
On June 25, driven by a strong earnings outlook, Micron Technology's stock price continued its AI-fueled rally, surging nearly 20% at one point during Thursday's trading, briefly pushing its market cap above those of Meta Platforms and Tesla. The gains have since narrowed to around 10%, with a market cap of approximately $1.3 trillion. Micron's robust revenue and profit forecast for the fourth fiscal quarter, announced after Wednesday's market close, helped reverse its recent decline. The company disclosed that customers have committed $22 billion to secure memory chip supplies.
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