Micron tops $1 trillion in market value on AI demand (opens in new tab)

Micron Technology’s market value crossed $1 trillion for the first time on Tuesday after its shares surged as much as 18%. Several reports cited a trading level near $886 and a record high during the session. The move followed a sharp run for the U.S. memory-chip maker, whose shares have risen more than 200% this year, according to market data cited by financial media. The rally followed UBS’s decision to raise its price target on Micron to $1,625 from $535, the highest among 46 brokerages co...