Micron Technology, Inc. (MU) joins the $1 Trillion Club

June 1, 2026 - 15:50

Micron Technology, Inc. (NASDAQ:MU) has been identified as one of the eight most undervalued AI stocks to buy according to hedge funds. On May 26, 2026, Reuters reported that Micron briefly surpassed a $1 trillion market value. The milestone came as shares jumped 17.4% to $881.6, after rising as much as 19.3% during the trading session.

The surge followed an upgrade from UBS, which boosted investor confidence in the memory chip maker. Analysts pointed to growing demand for high-bandwidth memory used in artificial intelligence data centers as a key driver. Micron's products are essential for training and running large AI models, placing the company at the center of the tech industry's current boom.

While the stock pulled back slightly from its intraday high, the move into the trillion-dollar club marks a major shift for a company long seen as a cyclical player in the semiconductor space. Investors are now betting that AI demand will provide sustained growth, reducing the volatility that has historically plagued the memory market. Hedge funds have taken notice, increasing their positions in what they see as a rare value opportunity in an otherwise expensive AI sector.