UBS tripled Micron's price target to $1,625, pushing the memory chipmaker past $1 trillion in market cap as AI demand for high-bandwidth memory surges.

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.