Micron’s Shares Climb 850% YTD as AI Drives Trillion-Dollar Valuation
MU•Micron’s market value surpassed $1 trillion this month as AI-driven memory demand outpaces supply, sending shares up roughly 850% year-to-date off a March low. The company will report fiscal Q3 results on June 24 with an earnings call at 2:30 p.m. Mountain time.
1. AI-Driven Memory Demand Outstrips Supply
Memory chip divisions have seen DRAM, NAND and HBM orders surge as data centers expand AI workloads. Company executives report that current production capacity cannot meet escalating demand, resulting in tighter inventories and stronger pricing power.
2. Shares Rally 850% and Trillion-Dollar Valuation
Since a March 30 trough, shares have climbed about 850% year-to-date, propelling market capitalization past $1 trillion and marking one of the steepest chip stock rallies ever. The surge has outpaced both the broader semiconductor index and leading GPU names.
3. Fiscal Third Quarter Results Scheduled for June 24
Micron will release fiscal Q3 earnings on June 24, hosting a conference call at 2:30 p.m. Mountain time. Investors will be watching management commentary on supply chain constraints, pricing trends and capital expenditure plans.
