Anabelle Colaco
28 Jun 2026, 15:55 GMT+10
NEW YORK CITY, New York: Micron Technology overtook Meta Platforms in market value and briefly surpassed Tesla on June 25, as a strong forecast from the memory chipmaker extended its AI-driven rally.
Micron shares were up 18.4 percent at US$1,236, giving the company a market capitalization of $1.398 trillion, compared with Meta's $1.392 trillion. Tesla's market value stood at $1.4 trillion.
The gains followed Micron's June 24 fourth-quarter revenue and profit forecasts, which helped reverse a recent decline in its shares. The company also said customers had committed $22 billion to secure supplies of its memory chips.
Micron crossed the $1 trillion market-value mark on May 26, joining South Korea's Samsung Electronics in the club as memory chipmakers benefit from investor demand for companies positioned to gain from Big Tech's large AI infrastructure spending plans.
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