Micron Hits $1 Trillion, Overtakes JPMorgan, Walmart And Eli Lilly - Micron Technology (NASDAQ:MU)

Semiconductor powerhouse Micron Technology Inc. (NASDAQ:MU) vaulted on Tuesday, officially crossing the $1 trillion market capitalization milestone following a rally driven by demand for artificial intelligence (AI).

Historic Market Cap Milestone

The shares of the Idaho-based chipmaker closed 19.29% higher at $895.88, locking in a final market value of $1.010 trillion.

According to data from CompaniesMarketCap, this monumental surge enabled Micron Technology to comfortably overtake legacy giants JPMorgan Chase & Co. (NYSE:JPM), Walmart Inc. (NASDAQ:WMT), and Intel Corp. (NASDAQ:INTC), as well as pharmaceutical heavyweight Eli Lilly And Co. (NYSE:LLY).

This historic jump firmly secured its new position as the world’s 14th-largest public company. Highlighting the sheer magnitude of the move, financial firm The Kobeissi Letter characterized the company’s sudden market ascent as “truly incredible.”