Micron Hits $1 Trillion Valuation Ahead of Volatile Week
Micron closed at $971 Friday, up 29.3% since May 22, and topped a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. UBS raised its target to $1,625, citing new long-term supply deals and rising AI demand. Options markets signal traders expect a 10% swing next week. Samsung began shipping faster 12-layer HBM4E samples, aiming to challenge Micron and SK Hynix in AI memory. Micron reports earnings June 24. S&P 500, Nasdaq, and Dow also closed at record highs, led by tech.