TradingKey – On July 23, Eastern Time, Micron ( MU) share price returned to the $1,000 mark, rising 4% to $1,000 as of press time.

Micron’s stock price increase was mainly driven by three factors.

First, the massive capital expenditures of Google and Tesla have brought definitive demand growth for memory chips. The advanced investment by both companies in AI computing infrastructure will transmit step-by-step along the industry chain to the memory chip sector. As one of the world’s top three memory giants, Micron is the most direct beneficiary of this transmission chain.

Second, the advancement of Nvidia’s next-generation Vera Rubin platform has further raised the ceiling for memory. On July 21, Nvidia updated the latest progress of the…