Micron Rises to 10th Most Valuable Company in America, Poised to Overtake Tesla and Meta

Key Points

• Micron Technology crossed $1 trillion in market value for the first time, now ranked as the 10th most valuable U.S. company.

• UBS raised its price target for Micron to $1,625, suggesting a potential market cap of $1.8 trillion.

• Micron’s revenue surged to $23.86 billion in its fiscal second quarter of 2026, up from $13.64 billion three months prior.

Micron Technology (NASDAQ: MU) achieved a milestone on Tuesday by exceeding a market value of $1 trillion. This surge was prompted by a 19% increase in stock price, making it the 10th most valuable company in the U.S., surpassing giants like Walmart and Eli Lilly. The increase followed a bold upgrade from UBS, which raised its price target to $1,625, potentially pushing the company’s market cap to around $1.8 trillion, surpassing both Tesla and Meta Platforms.

Micron’s revenue climbed nearly threefold to $23.86 billion in the fiscal second quarter of 2026, driven largely by demand for DRAM, essential for AI servers. CEO Sanjay Mehrotra emphasized new multi-year contracts aimed at stabilizing the memory business, indicating a shift in the company’s operational dynamics. However, despite positive growth, analysts caution that the memory market remains highly cyclical, and any signs of cooling demand could negatively impact Micron’s stock valuation.