Micron Hits $1T Market Cap

Micron Technology has become the latest member of the $1 trillion market cap club, joining an elite group of U.S. tech giants riding the AI wave.

The company's stock has been one of the top performers in the S&P 500 this year, fueled by a 'supercycle' in semiconductor demand.

CEO Sanjay Mehrotra, who was famously denied a U.S. visa three times earlier in his life, now leads a firm that is critical to the global AI infrastructure buildout.

Despite the record valuation, some contrarian analysts warn that the sector remains vulnerable to potential supply gluts and shifting investment patterns.