{"id":63736,"date":"2026-06-25T10:08:19","date_gmt":"2026-06-25T14:08:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-surges-past-meta-and-tesla-as-ai-demand-shatters-forecasts\/63736\/"},"modified":"2026-06-25T10:08:19","modified_gmt":"2026-06-25T14:08:19","slug":"micron-surges-past-meta-and-tesla-as-ai-demand-shatters-forecasts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-surges-past-meta-and-tesla-as-ai-demand-shatters-forecasts\/63736\/","title":{"rendered":"Micron Surges Past Meta and Tesla as AI Demand Shatters Forecasts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>) shares soared 18%<\/strong>, pushing its market capitalization to <strong>$1.398 trillion<\/strong> and surpassing Meta Platforms (<a href=\"\/stock\/META\">META<\/a>) and briefly Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) for the first time.<\/li>\n<li><strong>Micron projected Q4 revenue of $50 billion<\/strong>, far exceeding Wall Street estimates of $43.2 billion, driven by an insatiable demand for <strong>high-bandwidth memory (HBM)<\/strong> chips used in AI accelerators.<\/li>\n<li><strong>DeepSeek announced plans to double its staff<\/strong> across all departments as the Chinese AI startup scales to meet explosive user growth and compute demands.<\/li>\n<li><strong>UBS raised its price target for Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>) to $235 from $170<\/strong>, citing a robust data center roadmap and a projected <strong>$65 billion revenue target<\/strong> by fiscal 2029.<\/li>\n<li><strong>Geopolitical tensions rose in the Strait of Hormuz<\/strong> as Iran\u2019s IRGC warned against unauthorized maritime routes, despite Oman&#39;s efforts to facilitate free transit under a U.S.-Iran memorandum.<\/li>\n<\/ul>\n<h2>Micron Hits Trillion-Dollar Milestone on AI Tailwinds<\/h2>\n<p>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>) dominated market headlines on Thursday after issuing a blockbuster revenue forecast that reaffirmed the strength of the artificial intelligence infrastructure boom. The company\u2019s stock surged <strong>18.4% to $1,244.40<\/strong>, lifting its market valuation to <strong>$1.398 trillion<\/strong>. This rally allowed the memory chipmaker to eclipse Meta Platforms (<a href=\"\/stock\/META\">META<\/a>), valued at <strong>$1.392 trillion<\/strong>, and briefly overtake Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>), which sat near <strong>$1.4 trillion<\/strong>.<\/p>\n<p>The surge followed Micron&#39;s fiscal third-quarter results, where revenue quadrupled year-over-year to <strong>$41.46 billion<\/strong>. Investors were particularly encouraged by management&#39;s disclosure of <strong>$22 billion in customer commitments<\/strong> for its chips, signaling that the shortage of critical AI components like <strong>HBM4 memory<\/strong> will likely persist through 2027. <em>Analysts noted that Micron has successfully transitioned from a cyclical commodity producer to a structural pillar of the AI economy.<\/em><\/p>\n<h2>Tech Sector Momentum and Analyst Upgrades<\/h2>\n<p>The broader technology sector saw significant gains following Micron&#39;s lead, with the <strong>Nasdaq rising 234.68 points (0.92%)<\/strong> in early trading. Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>) also received a major boost as <strong>UBS hiked its price target to $235<\/strong>, up from $170. The upgrade reflects Qualcomm&#39;s aggressive expansion into the data center and &quot;edge AI&quot; markets, with the firm targeting <strong>$5 billion in data center revenue<\/strong> by 2027.<\/p>\n<p>In the private sector, Chinese AI standout <strong>DeepSeek<\/strong> is reportedly planning to <strong>double its headcount<\/strong> to manage its rapidly expanding user base. The startup has faced recent compute constraints, leading to temporary restrictions on its &quot;Expert Mode,&quot; but expects relief in the second half of 2026 as new <strong>Huawei Ascend 950<\/strong> hardware comes online. <em>The aggressive hiring spree underscores the intensifying global arms race for AI talent and infrastructure.<\/em><\/p>\n<h2>Political and Global Developments<\/h2>\n<p>In Washington, Speaker <strong>Mike Johnson<\/strong> is scheduled to meet with <strong>President Trump<\/strong> at the White House at 2:00 PM today. The meeting follows a period of legislative friction after Trump abruptly signaled opposition to a bipartisan housing bill, demanding that Congress first prioritize the <strong>SAVE Act<\/strong> regarding voter identification. Johnson has expressed optimism that the housing legislation, aimed at lowering costs for American families, will still be signed within the required 10-day window.<\/p>\n<p>Internationally, the <strong>Strait of Hormuz<\/strong> remains a flashpoint of concern for global energy markets. While <strong>Oman<\/strong> and <strong>Iran<\/strong>&#39;s foreign ministers discussed coordination for maritime transit, the <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong> issued a stern warning that any vessels using non-Iranian designated routes &quot;will be dealt with.&quot; <em>Despite these threats, <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> remained stable near pre-war levels, with Brent crude trading around $72.90 as shipping partially resumed under a temporary 60-day arrangement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Micron Technology (MU) shares soared 18%, pushing its market capitalization to $1.398 trillion and surpassing Meta Platforms (META) 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