Here's just how quickly Micron has risen up the ranks of the top U.S companies
Micron Technology's market capitalization has surged to $665 billion, driven by demand for memory chips used in AI data centers. The company's stock has risen 7% in midday trading after crossing the $600 billion market-cap threshold for the first time.
Micron Technology's market capitalization has reached $665 billion, propelling it to the No. 13 spot among top U.S. companies. The company's memory chips are crucial for AI data centers, driving the surge. Micron crossed the $600 billion market-cap threshold on Friday, just seven months after reaching $200 billion. Analysts expect reduced earnings volatility due to long-term supply agreements. Micron's stock trades at a 6.55x forward price-to-earnings multiple, the seventh-lowest in the S&P 500. The company's shares are up 7% in midday trading on Monday.
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