Micron’s surge past the trillion dollar mark is being powered by something far more durable than market euphoria. A global shortage of AI‑grade memory has pushed prices to record levels, tripled Micron’s revenue and locked in demand for its high bandwidth chips well into 2027 — setting up the next phase of the stock’s run.

That backdrop helps explain why Boise, Idaho‑based Micron Technology crossed the $1 trillion valuation threshold on May 26 after doubling in just 48 days, according to the Wall Street Journal. The stock has risen fourteen times from a year ago, making Micron “the fastest company ever to scale the trillion‑dollar wall,” Reuters reported.

I briefly owned Micron shares two decades ago after the company acquired Lexar Media — a flash memory supplier on whose advisory board I served — for $850 million, noted MarketWatch. I exited the position long before the company’s 2026 breakout, a reminder of how dramatically the memory market has been reshaped by AI demand.

With Micron now trading at levels few expected even a year ago, investors are asking the same question I am asking myself: is it too late to buy the stock?

Is It Too Late To Buy Micron Stock?

I would say maybe not — at least for the next year. That’s because a UBS analyst........

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