Micron closes in on $1 trillion market value as UBS triples share price target

Reuters

Tue, May 26, 2026 astatine 9:16 AM CDT 2 min read

May 26 (Reuters) - Shares of Micron Technology climbed astir 14.2% successful aboriginal trading connected Tuesday aft brokerage UBS sharply raised ‌its people terms for the banal citing stronger AI ‌demand and semipermanent proviso deals, taking the chipmaker person to $1 trillion successful marketplace value.

The ​revised people - the highest among the 46 brokerages covering the banal - implies a imaginable valuation of adjacent to $1.8 trillion for the institution by the adjacent 12 months, compared with a marketplace capitalization of $846.93 cardinal arsenic of adjacent ‌on Friday.

• UBS raised ⁠the terms people much than threefold to $1,625 from the earlier $535, compared with the stock's Friday adjacent of $751.

• The ⁠brokerage said the emergence of semipermanent agreements crossed the industry, locking successful volumes and partially fixing prices could stabilize Micron's historically volatile net ​profile.

• These ​deals are expected to screen a ​growing information of DRAM supply, ‌providing greater request visibility and reducing pricing swings, according to the brokerage.

• There was "no reason" Micron should commercialized overmuch otherwise from Nvidia connected a price-to-earnings ground arsenic semipermanent agreements and AI-driven request reshape the company's net and visibility, UBS said.