Micron Hits $1 Trillion Cap on AI Memory Boom as Google Files 32M Mosquito Plan
The post Micron Hits $1 Trillion Cap on AI Memory Boom as Google Files 32M Mosquito Plan appeared on BitcoinEthereumNews.com. Crypto News Micron Technology surged to a historic all-time high on May 26, climbing nearly 23% intraday before settling up more than 19% at $895.88. The breakout briefly pushed the memory chipmaker’s market capitalization above $1 trillion, placing it among the largest technology firms on the planet. Overnight trading extended the move, with shares pressing toward $920 as momentum carried beyond the close. The catalysts were twofold: accelerating demand for AI-grade memory and a fresh price-target upgrade from UBS. Investors are now weighing whether the rally signals a durable structural re-rating or simply an aggressive momentum spike against an already extended chart. Behind Micron’s surge sits a tightening supply picture across the global memory industry. AI model training and inference workloads consume vast quantities of advanced DRAM and high-bandwidth me