Micron Technology overtakes Meta in market value as AI infrastructure demand accelerates

Micron overtakes Meta in market value amid relentless AI infrastructure demand

Micron Technology has surpassed Meta Platforms in market valuation for the first time, driven by a strong AI-fueled rally. The memory chip giant's robust fourth-quarter forecasts, including $22 billion in customer commitments for memory chip supplies, have reversed a recent downturn. This surge positions Micron at the forefront of the AI revolution, signaling significant investor confidence in its future growth. Micron Technology edged past the market valuation of Meta Platforms for the first time ⁠on ⁠Thursday, after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were ⁠last up 18.5% at $1,244.4, giving it a ⁠market capitalization of $1.393 trillion, compared with Meta's $1.391 trillion. Micron's fourth-quarter revenue and profit forecasts on Wednesday helped shares reverse a recent slump, with the company disclosing ⁠its customers had committed $22 billion to lock in supplies of memory chips.

US stoks | Micron surges 19%, overtakes Meta in market value amid relentless AI infrastructure demand

Memory chip giant Micron Technology has surpassed Meta Platforms in market valuation for the first time, driven by a robust AI-fueled surge. Strong fourth-quarter revenue and profit projections, coupled with $22 billion in customer commitments for chip supplies, have propelled Micron's shares to new heights, signaling a significant shift in the tech landscape. Micron Technology edged past the market valuation of Meta Platforms for the first time on ⁠Thursday, ⁠after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were ⁠last up 18.5% at $1,244.4, giving it a ⁠market capitalization of $1.393 trillion, compared with Meta's $1.391 trillion. US MarketsPowered By As on 25 Jun 2026, 01:30 AM IST S&P 500 Top Gainers Builders FirstSource85.41(11.31%) Mohawk Industries119.09(9.60%) IQVIA Hldgs185.62(8.37%) Charles River202.10(8.31%) Gainers" S&P 500 Top Losers Coterra Energy32.56(-8.62%) Apollo Asset Management122.60(-6.13%) Blackstone112.99(-5.90%) Robinhood Markets97.19(-5.87%) Losers" Micron's fourth-quarter revenue and profit forecasts on Wednesday helped shares reverse a recent slump, with the company disclosing ⁠its customers had committed $22 billion to lock in supplies of memory chips.

Micron overtakes Meta, Tesla in market value amid AI-driven demand

Micron Technology briefly blew past the market value of Big Tech brethren Meta and Tesla for the first time ever on Thursday. Micron's stock surge came a day after the memory chip maker - and major supplier to AI powerhouse Nvidia - forecast quarterly profit and revenue well above Wall Street's expectations. :: Micron The company's shares, which have more than tripled in value so far this year, at one point soared more than 19% on Thursday, giving Micron a market cap of about $1.4 trillion. That's roughly ten times higher than Micron's market cap just one year ago. The company is the only U.S.-based manufacturer of high bandwidth memory chips used alongside Nvidia's AI processors. Micron in its earnings results on Wednesday said customers such as Nvidia had committed a total of $22 billion to lock in supplies of its memory chips. That follows in the footsteps of similar deals made by Korean rivals SK Hynix and Samsung. The agreements are key to winning over investors who have been wary of the AI boom's durability. Earlier this week, memory stocks led a more than $1 trillion stock rout stoked in part by valuation concerns. :: Archive Micron's results, however, sparked a global chip stock rally on Thursday, as investors grew more confident about persistent demand and tightening supply.