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Micron Technology Crosses $1 Trillion Market Cap for the First Time on AI Memory Surge

Micron Technology surpassed a $1 trillion market capitalization on Tuesday, May 26, after its stock jumped nearly 20 percent in a single day following a major upgrade from UBS. The chipmaker's shares have risen roughly 700 percent over the past year, driven by explosive demand for high-bandwidth memory chips used in artificial intelligence data centers. Micron joins a small group of the most valuable US companies by market cap.