Micron tops $700 billion as memory stock rally gains pace
Micron shares jump 12% as its highest-capacity SSD starts shipping. See why AI-driven memory demand pushed Micron above $700B in value.
Micron shares rose 12% on Tuesday after the company said its highestcapacity solidstate drive has begun shipping. The move pushed Micron’s market value above $700 billion for the first time.
The stock has climbed sharply this year and over the past 12 months, making Micron one of the most valuable U.S. technology companies. The rally comes as demand for memory chips has increased alongside the artificial intelligence boom.
Micron, along with SK Hynix and Samsung, dominates the memory market. The company has said customers are still facing supply constraints as data center demand remains strong and power availability becomes a growing issue for AI infrastructure.