Micron’s 180% Rally Yields $650B Gain, Poised to Surpass Tesla
TSLA•Micron’s stock has surged about 180% since March, adding roughly $650 billion in market value, and topped $1 trillion as UBS raised its price target to $1,625, implying a $1.8 trillion valuation that would surpass Tesla’s market cap. The rally dwarfs Tesla’s 44% gain over the same period.
1. Micron Tops $1 Trillion Market Value
Micron’s stock surpassed $1 trillion in market capitalization after climbing to its 30th intraday record high of the year, marking an 180% surge since the March 30 market low and adding roughly $650 billion in value.
2. UBS Triples Price Target
UBS raised its price target on Micron to $1,625, implying a $1.8 trillion valuation based on forecasted AI-driven memory chip demand and signaling greater visibility into DRAM and NAND revenue streams.
3. Implications for Tesla’s Ranking
At the implied valuation, Micron would overtake Tesla’s market cap, underscoring that Tesla’s 44% gain since March pales compared to Micron’s performance and could shift investor focus among megacap tech names.
4. Broader Chip Sector Strength
The PHLX Semiconductor Index recorded its 35th intraday high as both Micron and the index climbed in seven of the past eight weeks, highlighting sustained AI-driven momentum across memory and semiconductor stocks.
