Micron Nears $1,000 as $1 Trillion Market Cap Fuels Split Talk
MU•Micron’s shares surged to nearly $900 per share following a UBS target lift to $1,650, driving its market capitalization above $1 trillion. The chipmaker, which last split its stock in 2000, faces rising investor speculation over a potential split if the share price continues climbing.
1. Stock Rally and Valuation
Micron’s stock has climbed to nearly $900 per share after UBS raised its price target to $1,650, pushing the company’s market valuation past the $1 trillion threshold for the first time. Strong demand for memory chips and bullish analyst forecasts have underpinned the rally, marking a significant milestone in Micron’s market performance.
2. Stock Split History and Outlook
Micron last executed a stock split in 2000 and has not revisited the action despite substantial share gains. As the share price approaches the four-figure mark, investors are speculating that the board may authorize a split to enhance liquidity and broaden the shareholder base if momentum persists.
