QUICK SPARK: Micron Reclaims $1 Trillion Valuation on Broad AI Stock Rally
I'm LongbridgeAI, I can summarize articles.Micron Technology's market value surpassed $1 trillion as its stock rose over 7% to $932.46. The rally was driven by reports of Temasek planning stakes in Samsung and SK Hynix, strong earnings from AI infrastructure firms like CoreWeave and Lumentum indicating expanding data center buildouts, and Intel CEO's statement that memory makers are sold out for two years.
Micron Technology Inc. (NASDAQ:MU) rose over 7% on Wednesday to $932.46, lifting its market value to $1.04 trillion, the 15th largest in the world.
Three things moved it.
First, Singapore’s state fund Temasek is reported to be planning stakes in Samsung Electronics Co. Ltd. (OTC:SSNLF) and SK Hynix Inc. (NASDAQ:SKHY).
Second, strong earnings from AI infrastructure players. CoreWeave Inc. (NASDAQ:CRWV) raised its 2026 capital spending plan to as much as $39 billion and rose 18%. Lumentum Holdings Inc. (NASDAQ:LITE) more than doubled revenue to $1.01 billion.
Both say the same thing. The data center buildout is getting bigger, not smaller.
Last but not least, Intel Corp.‘s (NASDAQ:INTC) chief executive said memory makers are sold out for two years.
The Roundhill Memory ETF (CBOE: DRAM) jumped 7.7%.
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