Micron Technology Joins $1 Trillion Market Cap Club Following Massive Stock Rally
Micron Technology has hit a $1 trillion market capitalization for the first time, driven by a stock price that has tripled in 2026. The surge included a 19.3% single-day jump and a total climb of approximately 77% over the past month, supported by a UBS price target increase to $1,625. While the company now joins Nvidia, Apple, and Microsoft in the trillion-dollar club, perspectives on the valuation remain mixed. Some analysts have predicted the rally, while others view the stock's previously cheap valuation as a contrarian warning sign.
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(Bloomberg) -- Micron Technology Inc. is the third-best performer in the S&P 500 Index this year and at the same time one of the least expensive stocks in the market. While that dichotomy looks bullish on the surface, it may be more of a warning sign than a green light for investors.Most Read ...
An earlier version mischaracterized the move. Just a few weeks ago, Micron surpassed a $700 billion market valuation. An earlier version misstated the figure. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Shares of Micron Technology (MU) kept surging after the chipmaker posted its biggest one-day gain in more than a decade. The stock rose 3.6% on May 27, extending a massive rally after shares jumped 19.3% the previous day. Micron has now climbed roughly 77% over the past month, while the stock ...
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