Micron Hits $1 Trillion Market Value—Latest Winner Of AI Chip Boom

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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.

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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.

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