Micron Technology, Inc. (NASDAQ: MU) recently surpassed the market valuations of Meta Platforms and briefly Tesla, achieving a market cap of $1.398 trillion. This surge followed a strong forecast and an 18.4% increase in share price. Additionally, Deutsche Bank raised Micron's price target to $2,000, stating the company has strong visibility in the semiconductor industry following a robust fiscal Q3 performance. Micron operates in several business units including Compute, Mobile, Embedded, and Storage, but the article suggests some AI stocks may offer greater investment potential.

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Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports

Noor Ul Ain Rehman

Sat, June 27, 2026 at 2:36 PM EDT2 min read

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.

Deutsche Bank Raises Micron (MU) Price Forecast as Revenue and Margins Surge

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).

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Micron (MU) Surpasses Market Valuation of ​Meta and Briefly Tesla, Reuters Reports

Micron (MU) Surpasses Market Valuation of ​Meta and Briefly Tesla, Reuters Reports

Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports

Micron (MU) Surpasses Market Valuation of Meta and Briefly Tesla, Reuters Reports