Micron Technology, founded in 1978 in Boise, Idaho, designs and manufactures memory and storage products used across artificial intelligence, 5G, machine learning, and autonomous vehicles.
Here is a look at the company’s latest news and developments.
Micron Hits $1 Trillion in Market Value as UBS Triples Its Price Target
Micron Technology shares jumped 14.2% in early trading on Tuesday, May 26. UBS raised its price target from $535 to $1,625. It was the highest target among 46 brokerages covering the stock.
With the new target, Micron’s projected valuation reaches close to $1.8 trillion over the next twelve months. Its market cap stood at $846.93 billion as of May 22’s close.
UBS pointed to growing AI demand and long-term supply agreements spreading across the semiconductor industry. These contracts secure volumes and partially fix prices. Historically, pricing swings have hurt Micron’s earnings, and UBS believes these deals could change that.
Hyperscalers are increasingly trading pricing flexibility for guaranteed supply. UBS expects this shift to support more predictable revenue for Micron going forward.
Micron was trading at just 8.42 times expected earnings over the next twelve months. For context, the S&P 500 trades at 21.1 and the Nasdaq 100 at 24.66. UBS drew a parallel to Nvidia, citing similar AI-driven demand dynamics behind the valuation gap.
Micron Pushes Made-in-America Memory With Its Virginia Expansion
We’re proud to announce a milestone moment for U.S. memory manufacturing. Micron has officially started manufacturing 1α DRAM at our Manassas, VA fab. As the only U.S. manufacturer of memory, Micron is strengthening America’s domestic memory supply with the world’s most advanced… pic.twitter.com/x0xh2O6QxQ
— Micron Technology (@MicronTech) May 22, 2026
On May 22, Micron announced it had begun manufacturing 1-alpha (1α) DRAM at its Manassas, Virginia facility, marking the most advanced memory chip ever produced in the United States.
Built on the world’s most advanced DDR4 technology, production at Manassas is set to quadruple Micron’s DDR4 wafer supply at the site, serving industries such as automotive, defense, aerospace, and medical devices.
CEO Sanjay Mehrotra hosted a launch event at the facility, joined by U.S. Secretary of Commerce Howard Lutnick, U.S. Trade Representative Jamieson Greer, and Virginia lawmakers.
Production advances Micron’s $200 billion U.S. investment plan, which spans facilities in Idaho and New York and is projected to generate roughly 90,000 American jobs.
Micron Technology: Market Position and Outlook
UBS’s upgraded price target reflects growing confidence that AI demand and long-term supply agreements will stabilize the company’s earnings, while the 1-alpha DRAM production launch in Virginia backs that case with a concrete manufacturing milestone on U.S. soil.
Investors will be watching how Micron sustains this trajectory as Wall Street recalibrates its expectations and U.S. semiconductor output continues to grow.
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