Micron tops $1.4 trillion after forecast
- Micron briefly moved past Meta Platforms by market value after a strong AI-driven forecast.
- Micron shares were up about 18% as the stock traded above $1,240.
- The company said customers committed $22 billion to secure memory chip supplies.
Micron Technology (NASDAQ:MU) briefly moved ahead of Meta Platforms (NASDAQ:META) by market value after its AI-driven memory chip forecast lifted the stock more than 18%.
The move followed Micron’s fourth-quarter revenue and profit outlook, which helped the stock rebound after a recent pullback.
Micron said customers had committed $22 billion to secure memory chip supplies, reflecting continued demand for AI-related memory products.
The rally lifted Micron’s market value to about $1.4 trillion, placing it near Meta Platforms as investors priced in stronger demand for high-bandwidth memory.
Following the announcement, Micron Technology's share price was up at $1,240.75.
Micron has become a major supplier of memory used in AI infrastructure, including high-bandwidth memory for advanced processors.
The company’s latest forecast added to a 2026 rally in chip stocks tied to AI data center spending and memory supply constraints.
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