Micron Reaches $1 Trillion Market Value on AI Memory Demand

Micron Technology's market value briefly exceeded $1 trillion on May 26, 2026, after its shares rose as much as 19.3 percent during the session. The gain followed an upgrade from brokerage UBS, which raised its price target on the stock to $1,625 from $535. Shares closed the day up 17.4 percent at $881.60.

Micron has sold its entire 2026 supply of high-bandwidth memory chips, according to company statements. The sold-out position reflects demand that exceeds current production capacity. The company also began production of its next-generation HBM4 memory products. Institutional investors added positions in Micron during the first quarter, with 2,440 institutions disclosing new holdings.

Electronics have also reached or approached the $1 trillion valuation level. Samsung recently reached a labor agreement to avoid a strike at its memory operations. Micron shares have increased more than eightfold over the past 12 months. The company now trades at 8.42 times expected earnings for the next 12 months.

" — Art Hogan, chief market strategist at B. Current AI-related orders have reversed that surplus and produced pricing power for suppliers.