Micron Just Entered the Trillion-Dollar Club. Is It Too Late to Buy the Stock? - The Globe and Mail

Micron Technology has entered the trillion-dollar market cap club, joining tech giants like Amazon, Microsoft, and NVIDIA. This milestone is largely driven by the surge in demand for memory products d... Read original →

Micron’s entry into the trillion-dollar club reflects structural demand from AI, not speculative froth. Agentic AI is accelerating HBM and LPDDR5X adoption, straining TSMC’s CoWoS capacity and indirectly throttling logic chip output. Geopolitically, while U.S. export controls redirect China-bound orders to Micron, its Xi’an packaging facility in China now faces >15% higher operating costs, eroding margins. Competitively, Samsung is fast-tracking HBM3E, SK Hynix locks in NVIDIA allocations, but Micron counters with custom DRAM deals with Microsoft and Amazon. Over the next 12–24 months, as AI inference migrates to edge devices, power-efficient NAND and low-voltage DRAM will dominate—yet without resolving EUV yield issues in DRAM scaling, Micron’s valuation may prove unsustainable.