TL;DR. Micron reached a
trillion market cap, driven by surging demand for High Bandwidth Memory (HBM) from AI workloads.
- Micron and SK Hynix are the first memory-only chipmakers to breach the
trillion valuation mark.
- UBS increased Micron's price target to
,625, citing long-term HBM supply contracts for AI expansion.
- Hyperscalers secure multi-year HBM agreements, indicating sustained agentic AI growth.
Micron reached a
trillion market capitalization, driven by HBM demand for AI.
SK Hynix also crossed
trillion in the same week, a first for memory chipmakers.
UBS tripled Micron's price target to
,625, citing long-term HBM contracts tied to agentic AI growth.
Increased HBM pricing power signals its shift from commodity to critical AI infrastructure.
Hyperscalers are signing long-term deals, betting on sustained growth in agentic AI workloads.