Micron stock leads chips higher as UBS sees company becoming a $1.8 trillion AI giant
Key takeaways
- The new target is up from $535 and implies roughly 115% upside from Micron’s Friday close of $751.00.
- It’s arguing that AI has changed the way investors should value the company.
- Micron has historically traded like a cyclical memory stock, with investors worried about boom-and-bust pricing in DRAM and NAND.
Micron stock leads chips higher as UBS sees company becoming a $1.8 trillion AI giant Jared Blikre Tue, May 26, 2026 at 8:44 PM GMT+7 2 min read MU UBS Micron (MU) opened at a record intraday high Tuesday after UBS (UBS) more than tripled its price target on the memory-chip maker to a Street-high of $1,625, arguing the AI boom has structurally changed the market for memory.
The new target is up from $535 and implies roughly 115% upside from Micron’s Friday close of $751.00. UBS analyst Timothy Arcuri wrote that the market should start putting a more “normal” multiple on Micron as investors get more evidence of the changes AI has driven across the memory complex.
UBS is not just raising numbers. It’s arguing that AI has changed the way investors should value the company.