Chipmaker Micron has crossed the $1,000-per-share milestone for the first time, capping a remarkable rally fueled by booming demand for AI memory chips.

Micron Technology has surged above $1,000 per share for the first time in its history, pushing the semiconductor giant’s market value to nearly $1.2 trillion.

The rally comes amid explosive growth in demand for high-bandwidth memory (HBM) and other advanced chips used in artificial intelligence systems. Investors have increasingly viewed Micron as one of the biggest beneficiaries of the global AI boom, alongside major technology firms involved in AI infrastructure.

According to market reports, Micron’s valuation has grown dramatically over the past 13 months, rising from roughly $60 billion to nearly $1.2 trillion, making it one of the fastest wealth-creating runs in stock market history.

The company has benefited from strong demand from AI data centers, cloud-computing providers, and next-generation AI hardware manufacturers. Analysts say memory chips have become a critical component of advanced AI systems, helping drive Micron’s extraordinary growth.

The move highlights how the AI revolution continues reshaping global markets, with semiconductor companies emerging as some of the biggest winners of the technology boom.

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