U.S. stocks were higher, Nasdaq up 350 points. Micron stock rose on UBS's tripled price target. Other big gainers include BRAI, RDW, HTT, ATOM, TE, MOD, ORBS, YSS, ASTS, UMC, and JOYY.

AI's memory chip boom just minted another trillion-dollar company.

UBS analyst Timothy Arcuri triples Micron's price target to $1,625 from $535, citing AI-driven demand for high-bandwidth memory and projected EPS above $100 through 2029.

May 26 : Shares of Micron Technology climbed about 14.2 per cent in early trading on Tuesday after brokerage UBS sharply raised its target price for the stock citing stronger AI…

UBS analyst Timothy Arcuri raised Micron Technology's price target to $1,625 from $535, sending shares up 8.4% premarket on AI memory demand optimism.

UBS raised its target on Micron to a Street-high $1,625 from $535, arguing AI has structurally changed the memory market

Micron has reached a significant milestone, crossing $1 trillion in market value for the first time. This achievement highlights the company's strong performance. Its shares saw a…

May 26 : Micron Technology briefly topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the U.S.'s largest memory…

U.S. stocks were higher, Nasdaq up 350 points. Micron stock rose on UBS's tripled price target. Other big gainers include BRAI, RDW, HTT, ATOM, TE, MOD, ORBS, YSS, ASTS, UMC, and…

Micron Technology, Inc. (MU) is currently at $881.33, up $130.33 or 17.35%

A global memory shortage driven by AI is spiking demand for chipmakers like Micron.

UBS raises Micron Technology's price target to $1,625 from $535, the highest on Wall Street, as AI-driven high-bandwidth memory demand surges.

Nasdaq and Russell 2000 hit fresh highs as Micron surges 18%. The iShares Semiconductor ETF jumped 4.8%, pushing year-to-date gains past 80%.

Micron Technology hit a $1 trillion market cap after an 18% stock surge driven by a UBS price target upgrade and surging AI memory chip demand.