On Tuesday, Micron Technology Inc.'s (NASDAQ:MU) explosive rally into the trillion-dollar club sparked fresh optimism around AI-driven semiconductor stocks, with Jim Cramer calling it the start of a "new era" and investor Ross Gerber arguing the stock still has room to run.
AI Memory Boom Fuels Micron Rally
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Shares of Micron surged nearly 20% on Tuesday, pushing the memory-chip maker past a $1 trillion market capitalization for the first time as Wall Street doubled down on the artificial intelligence infrastructure boom.
The rally came after UBS sharply raised its price target on Micron to $1,625 from $535.
