Micron Technology hit a $1 trillion market cap after an 18% stock surge, fueled by AI-driven demand for high-bandwidth memory and a 700% yearly gain.

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.