29/05/2026
๐ Stock of the Week: Micron
Micron surged 25% in just five trading days, crossed the $1 trillion market cap milestone, and is approaching $1,000 per share.
So what changed?
A top Wall Street analyst tripled his price target on the stock. But the real catalyst goes much deeper.
Micron has secured its first-ever five-year strategic supply agreement with NVIDIA, locking in demand for its advanced memory chips as the AI race accelerates.
Why does it matter?
High-bandwidth memory has become one of the biggest bottlenecks in AI development. Every AI model, data center, and GPU cluster depends on itโand supply is expected to remain tight until at least 2028.
The result:
๐ Revenue up 196% YoY
๐ฐ Gross margins approaching 81%
๐ค Positioned at the center of the AI infrastructure boom
The companies supplying AI may become just as important as the companies building it.
Follow GivTrade to stay ahead of the markets.