Despite Hitting a $1 Trillion Valuation, Micron Remains My Favorite Stock for 2026

Micron’s ascent toward a $1 trillion valuation marks a notable shift for memory chips as AI demand outpaces supply. The company recently traded at a market cap that eclipses most peers, fueling optimism that the AI memory cycle may outlast prior semiconductor downturns. Micron’s management disclosed that its entire high-bandwidth memory capacity for 2026 is already sold out, underscoring persistent bottlenecks in memory supply for hyperscalers. With AI servers requiring rapidly expanding memory footprints, Micron argues that pricing power has strengthened as supply tightens. Global data-center demand continues to rise, supporting earnings visibility and making Micron a standout name as 2026 approaches.