Gotrade News - Micron (MU) reached a $1 trillion market cap, becoming roughly the 12th-most-valuable company in the world. The chipmaker was worth about $1.2 trillion as of June 2, 2026, on surging AI memory demand.
The rally reflects booming high-bandwidth memory orders tied to data-center buildout across the industry. Strong forecasts for memory and lithography suppliers point to durable AI hardware spending into 2028.
Key Takeaways
- Micron crossed a $1 trillion market cap, near the 12th-most-valuable company globally.
- Micron stock has climbed nearly 1,000% over the past year on AI memory demand.
- Analysts lifted ASML targets, citing EUV capacity and demand visibility into 2028.
Micron stock has risen nearly 1,000% over the past year, driven by high-bandwidth memory demand. That HBM appetite stems directly from the data-center buildout fueling AI compute.
According to The Motley Fool, Micron posted about $24 billion in revenue last quarter. Operating income hit roughly $16 billion, an unusually high 68% operating margin.
Why Micron Crossed $1 Trillion
That 68% operating margin is rare for any hardware maker outside the strongest cycles. It shows how tight memory supply has lifted Micron's pricing power right now.
Next quarter revenue is expected near $33.5 billion, extending the company's steep growth trajectory. The numbers underscore how central memory has become to the AI infrastructure stack.
That guidance would mark another large sequential jump from the prior quarter's $24 billion. Investors read the step-up as evidence that HBM demand remains far ahead of supply.
Analysts expect Micron net income above $100 billion in both 2027 and 2028. That implies a forward price-to-earnings ratio near 12 if AI spending holds at current levels.
A forward multiple near 12 looks modest against the stock's near 1,000% advance. The gap explains why some analysts still see room despite the $1 trillion milestone.
The main risk is structural rather than near-term demand softness. Memory markets are cyclical and prone to oversupply, which can compress margins quickly when capacity catches up.
If rivals add capacity to chase AI demand, prices can fall fast across the sector. That oversupply dynamic has repeatedly punished memory makers in past cycles.
For now, the data-center buildout keeps high-bandwidth memory demand running well ahead of available supply. That imbalance is the engine behind Micron's near 1,000% advance over the past year.
ASML Targets Climb on EUV Visibility
The optimism extends to equipment maker ASML (ASML), whose lithography tools enable advanced chips. Per Investing.com, BofA raised its target to 1,921 euros from 1,710 euros, keeping a buy rating.
Barclays lifted its target to 1,900 euros from 1,575 euros, with an overweight rating. ASML traded near 1,485 euros, down 2.32% on the session despite the upgrades.
BofA cited EUV capacity that could exceed 90 units by the end of 2027. The bank also pointed to firm demand visibility stretching into 2028 across major customers.
BofA wrote that customers are giving unusual visibility to ASML as their demand forecasts keep trending higher. That signal reinforces the case for sustained semiconductor capital spending.
The broader read-through favors AI compute leaders such as Nvidia (NVDA). Strong memory and lithography demand typically tracks the same accelerator buildout Nvidia anchors.
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