Topline
Chipmaker Micron Technology hit a $1 trillion market value for the first time Tuesday after shares jumped 18%, topping $890, fueled by a Wall Street upgrade signaling that memory chips are one of the most important parts of building AI along with processing chips made by the likes of Nvidia.
Key Facts
UBS analysts raised their price target more than threefold to $1,625.
The new target implies a potential valuation of close to $1.8 trillion for the company by the next twelve months.
This is a developing story and will be updated.
