Micron approaches $1T market value as UBS triples price target to $1,625 - Crypto Briefing

Micron Technology surged nearly 19% on May 26, 2026, pushing its market cap past the $1 trillion threshold for the first time, becoming the 11th-largest U.S. public company. This move was largely driv... Read original →

Micron’s trillion-dollar valuation reflects a fundamental shift in pricing power within the AI memory arms race. Surging HBM demand has forced the industry’s oligopoly—Micron, Samsung, and SK Hynix—to abandon volatile spot markets for multi-year fixed-price contracts, disrupting decades of DRAM cyclicality and straining upstream EUV and 3nm advanced packaging capacity. While U.S. CHIPS Act subsidies ease CapEx burdens, any supply chain disruption involving Korea or Taiwan, China could trigger massive losses on these rigid contracts. Competitors will likely accelerate HBM4 development and deepen co-design partnerships with NVIDIA and AMD to lock in ecosystem advantages. Over the next 18 months, TSV stacking yield and HBM4 ramp timelines will dictate market share—and if Micron misses 2027 HBM4 volume production, its current valuation faces a sharp correction.