TradingKey – On June 1, Eastern Time, benefiting from tight demand for memory chips, Micron (MU) shares successfully broke through the $1,000 round-number milestone. By the close of the U.S. market that day, Micron’s stock price stood at $1,035.68, with its market capitalization climbing to approximately $1.18 trillion.
Sustained Demand for Memory Chips Continues to Support Micron’s Stock Price
The core reason for the sustained rise in Micron’s stock price is the demand for memory chips driven by AI computing power.
In the past, the market focused on NVIDIA GPUs, but the training and inference of large models require more than just computing chips; they also require HBM, DRAM, and high-speed storage to continuously supply data to GPUs….
