Micron shares jump 20% as strong AI-driven outlook lifts market value above Meta (opens original article in a new tab)

Micron Technology surpassed Meta Platforms in market valuation, driven by strong AI-driven forecasts and increased revenue, with shares rising 17%.

• Micron Technology's shares rose 17% to $1,255, giving it a market cap of $1.398 trillion.
• Micron's market valuation surpassed Meta Platforms' $1.392 trillion but remained below Tesla's $1.4 trillion.
• Micron's revenue more than quadrupled to $41.46 billion in its fiscal third quarter.