Memory chip giant Micron Technology has surpassed Meta Platforms in market valuation for the first time, driven by a robust AI-fueled surge. Strong fourth-quarter revenue and profit projections, coupled with $22 billion in customer commitments for chip supplies, have propelled Micron's shares to new heights, signaling a significant shift in the tech landscape.
Micron Technology's shares soared 19%, pushing its market valuation past Meta Platforms for the first time. The surge is fueled by strong AI infrastructure demand, robust fourth-quarter revenue, and profit projections. Micron secured $22 billion in customer commitments for chip…
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