Micron Hits $1 Trillion Market Cap After UBS Triples Price Target

Micron Hits $1 Trillion Market Cap After UBS Triples Price Target Jeremy Berke Tue, May 26, 2026 at 9:14 PM GMT+2 2 min read MU Micron Hits $1 Trillion Market Cap After UBS Triples Price Target - Moby BREAKING NEWS Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Memory stocks are becoming the clear-cut trade of the year as AI companies demand more infrastructure. Micron stock is ripping on Tuesday after UBS tripled its price target from $535 to $1,165 on surging AI demand. Shares rose over 20% intraday as the semiconductor firm topped a $1 trillion market cap for the first time.

If MU hits the lofty price target, the company would become the U. S. seventh largest company and would be valued at $1.

8 trillion, putting it ahead of stalwarts like Tesla, Meta, and Berkshire Hathaway. “The market will start to put a more ‘normal’ multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” UBS wrote. Memory stocks have long traded at a discount to the broader market because the business is notoriously cyclical, but the AI boom has Wall Street questioning whether that's still the right way to think about them.

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Get the pick. Tap here. Even President Trump, who has directed the federal government to take stakes in companies like Intel, shouted out Micron at an event on Friday.

“Micron, boy Micron's great, they're investing hundreds of billions. ” Trump personally invested in Micron in March. The company announced a $200 billion plan to invest in U.

S. manufacturing, and kicked off DRAM production at its Virginia facility last week. Micron’s surge brought the whole memory sector with it.

The Roundhill Memory ETF, which tracks Micron along with Samsung, SK Hynix, and others, surged about 14%. Sandisk surged over 10%, Seagate 6%, and Western Digital over 8%. The sector, which has taken on an increasingly large share of the market as AI firms gorge themselves on compute and memory, lifted the Nasdaq nearly 1%.