Micron Tops $700 Billion After Rolling Out Its Largest Solid‑State Drive

Overview

• Following Tuesday's 11% jump to $640.45 and a further 5.5% after-hours gain, Micron's value crossed $700 billion and moved into the top 10 U.S. tech companies.
• Micron began shipping its highest‑capacity solid‑state drive, which the company calls the largest available, a step aimed at data centers that face power limits as they scale AI.
• AI chip customers are receiving only about half to two‑thirds of the memory they request, according to Micron's CEO, showing a supply gap that is driving prices and lead times.
• Micron says every unit of its 2026 high‑bandwidth memory—advanced stacks of DRAM placed close to AI processors to move data faster—is already booked under long‑term deals.
• The stock is up more than 120% this year and nearly 700% over 12 months, and DA Davidson's Gil Luria set a Street‑high $1,000 target as analysts point to a longer memory upcycle.