Micron Technology, Inc. (MU) joins the $1 Trillion Club

Micron Technology, Inc. (NASDAQ:MU) is one of the 8 Most Undervalued AI Stocks to Buy According to Hedge Funds.

On May 26, 2026, Reuters reported that Micron Technology, Inc. (NASDAQ:MU) briefly surpassed a $1 trillion market value with shares jumping 17.4% to $881.6 after rising as much as 19.3% intraday. The surge came after UBS lifted its price target to $1,625 from $535, the highest among the 46 brokerages covering the firm, as per LSEG data.

The move brings to an end what Reuters described as a “dizzying rally.” The shares climbed more than eightfold in 12 months because of strong earnings and supply constraints, giving it pricing power.

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“The need for pure memory has increased rapidly,” Art Hogan told Reuters, noting Micron Technology, Inc. (NASDAQ:MU) “sits at the center” of AI-driven demand.

Reuters said the company’s 2026 high-bandwidth memory supply is already sold out. The next-gen HBM4 chips have entered production, showing tightening capacity as data center investment accelerates.

Micron Technology, Inc. (NASDAQ:MU) is the U.S.’s largest memory chipmaker. It operates in four business units: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

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