Micron Valuation Nears $1 Trillion as 93% Monthly Rally Follows HBM Chip Sellout
MU•Micron's market cap surged from just over $100 billion a year ago to roughly $1 trillion as AI data-center demand for high-bandwidth memory accelerated. In May, investors added $512 billion after Micron sold out its 2026 HBM chips and began next-generation HBM4 production, pushing shares up 93% over the month.
1. Market Cap Soars Past $1 Trillion
Over the past year, Micron's market capitalization climbed from just over $100 billion to roughly $1 trillion, propelled by AI data-center demand for high-bandwidth memory and strategic alignment with leading GPU makers.
2. HBM Chip Sellout and HBM4 Rollout
In May, investors poured in $512 billion after Micron announced full sellout of its 2026 high-bandwidth memory (HBM) product and commenced production of next-generation HBM4 chips tailored for advanced AI workloads.
3. Shares Rally 93% on AI Momentum
The company's stock surged 93% over the past month as traders reacted to robust chip demand and bullish earnings outlooks, raising questions about sustainability and capacity expansion to meet AI-driven orders.
