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semiconductor / news / / Bloomberg

Micron Technology Inc.’s incredible rally this year has launched the memory-chip firm into an elite group of stocks worth at least $1 trillion.

Micron Technology's market value exceeded $1 trillion for the first time this week.

KEY POINTS
Micron Technology Inc.’s incredible rally this year has launched the memory-chip firm into an elite group of stocks worth at least $1 trillion, setting at least one record along the way. The stock pushed to another all-time high on Wednesday, gaining as much as 6.7%, adding to its 19% surge from a day prior that catapulted it above the trillion dollar threshold for the first time. The meteoric rise, which includes a gain of more than 186% from its March 30 trough, comes as investors pile into stocks that stand to benefit from soaring demand for memory-related semiconductors, a crucial element for building artificial intelligence infrastructure.
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