Micron Technology Eyes Trillion-Dollar Valuation Amid AI Memory Boom
Micron Technology is experiencing an unprecedented surge, with some analysts projecting a $1 trillion valuation that could make it the 6th-largest public company. This growth is fueled by record Q3 earnings, strong AI data center demand, and a series of new deals and take-or-pay contracts. CEO Sanjay Mehrotra noted that the scale of the AI memory boom surpassed even the expectations of the company's own customers, prompting a $200 billion investment strategy. While the stock has seen massive gains—including a 232% jump this quarter—volatility remains. Despite hitting new all-time highs, the stock experienced a significant pullback in July. However, many Wall Street analysts, including those from Deutsche Bank, have reset their price targets upward, citing DRAM supply tightness and strong…
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