finance
Micron Reaches $1 Trillion Market Value, Lifts S&P 500 and Nasdaq to Records
Memory-chip maker Micron closed above $1 trillion in market value for the first time. The gain helped push both the S&P 500 and Nasdaq Composite to new closing highs.
May 26, 5:02 PM·1m read2 sources
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Memory-chip maker Micron closed above $1 trillion in market value for the first time on Monday.
Composite both finished the session at all-time highs. Micron's share price surge accounted for a sizable portion of the broad indexes' advances.
Micron's valuation crossed the $1 trillion threshold during regular trading hours. The company produces memory chips used in data centers, smartphones, and consumer electronics. No company officials were quoted in the coverage.
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