# MicronMarketCapBreaks1Trillion

36.04K

On May 26, Micron Technology surged 19.3%, breaking above 1 trillion US dollars in market cap for the first time, its biggest one-day gain since 2011. UBS raised its price target to 1625 US dollars from 535 US dollars, the highest on Wall Street. The key reason is the industry's first long-term agreements with partial fixed pricing, which could smooth earnings volatility and drive a revaluation from "cyclical stock" to "growth stock". Trump recently publicly praised Micron, calling it "really great."

Sem registro
Depositar mais