Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports
Key takeaways
- Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports Noor Ul Ain Rehman Sun, June 28, 2026 at 1:36 AM GMT+7 2 min read MU TSLA META Micron Technology, Inc.
- (NASDAQ:MU) provides innovative memory and storage solutions.
- While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports Noor Ul Ain Rehman Sun, June 28, 2026 at 1:36 AM GMT+7 2 min read MU TSLA META Micron Technology, Inc. (NASDAQ:MU) is one of the safe stocks for beginners to buy in 2026. Reuters reported on June 25 that Micron Technology, Inc. (NASDAQ:MU) surpassed the market valuation of Meta Platforms, and briefly Tesla, for the first time on Thursday. The company's solid forecast allowed it to extend its AI-driven ascent, with its shares last up 18.4% at $1,236. Reuters reported that this gave it a market capitalization of $1.398 trillion, compared with Meta's $1.392 trillion and Tesla's market value of $1.4 trillion.
Micron Technology, Inc. (NASDAQ:MU) also received a rating update from DA Davidson on June 25. The firm lifted the price target on the stock to $2,000 from $1,500 and maintained a Buy rating on the shares. The rating update came after the company's fiscal Q3 earnings beat, with the firm telling investors in a research note that Micron Technology, Inc. (NASDAQ:MU) has entered an era where it has some of the semi industry's best visibility, which is a far cry from its historical role in the semi market. It further stated that the company's yet another blowout quarter and positive forward-looking commentary suggest the memory cycle is far from over.
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).