3 days ago
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Reuters
Thu, June 25, 2026 astatine 8:40 AM CDT 1 min read
June 25 (Reuters) - Micron Technology edged past the marketplace valuation of Meta Platforms and concisely Tesla's for the archetypal clip connected Thursday, after the representation chipmaker's coagulated forecast helped widen its AI-driven ascent.
The company's shares were past up 18.4% at $1,236, giving it a marketplace capitalization of $1.398 trillion, compared with Meta's $1.392 trillion. Tesla had a marketplace worth stood of $1.4 trillion.
Micron's fourth-quarter gross and nett forecasts connected Wednesday helped shares reverse a caller slump, with the institution disclosing its customers had committed $22 cardinal to fastener successful supplies of representation chips.
The spot institution topped $1 trillion successful marketplace value connected May 26, pursuing the introduction of South Korea's Samsung Electronics into the club, as representation chipmakers payment from capitalist appetite for beneficiaries of Big Tech's mega AI spending plans.
(Reporting by Purvi Agarwal successful Bengaluru; Editing by Sriraj Kalluvila)
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