TechFlow News, May 26 (Tuesday): Micron Technology (MU.O) surpassed the $1 trillion market capitalization milestone for the first time, capping a sharp rally that cemented its status as one of the standout winners among U.S. memory chipmakers amid the AI boom. Micron’s stock surged as much as 18% to $886.60, setting a new record high. Prior to this, UBS raised its price target for Micron from $535 to $1,625—the highest among the 46 brokerages covering the company, according to LSEG data. This milestone not only underscores the pivotal role of memory chips in AI infrastructure but also reflects a broader shift in AI investment: after initially flocking to graphics processing unit (GPU) manufacturers, investors are now seeking companies poised to benefit from tech giants’ massive spending plans. Samsung Electronics, the world’s largest memory chipmaker, has already crossed the $1 trillion market cap threshold, while SK Hynix is nearing that level. (Jinshi)
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