Micron, a Major Storage Company, Sees Market Value Exceed $1 Trillion, Soars Eightfold in One Year with AI Help - eu.36kr.com

Micron Technology's market value surged past $1 trillion in May 2026, with its stock rising more than eightfold in a year, driven by the rapid expansion of artificial intelligence (AI). Once considere... Read original →

Micron’s trillion-dollar valuation signals a pivotal shift in AI bottlenecks—from GPUs to HBM. The complexity of TSV-based HBM4/HBM4E stacks constrains yields, directly throttling NVIDIA’s GPU deployment and forcing the entire AI hardware stack to prioritize memory allocation. Geopolitically, Micron’s U.S. and Japan-based capacity expansion positions it to secure CHIPS Act subsidies while avoiding export controls that hamstring Chinese rivals like YMTC and CXMT. Samsung and SK Hynix, despite technical parity, face greater supply chain scrutiny. Over the next 12–24 months, HBM shortages will persist, but declining returns from large-model training could trigger abrupt capex cuts and DRAM price volatility. Memory is no longer a commodity—it’s now a strategic linchpin in the AI arms race, with supply chain security rivaling that of logic chips.