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Micron Stock Rockets Past $1,000: Split Ahead?
22 Sep
Summary
- Micron's stock price has surpassed $1,000, reaching $1.2 trillion in value.
- Soaring AI demand for memory chips is driving record revenue and margins.
- The company last executed a stock split in March 2000.
Micron Technology's stock has broken the $1,000 barrier, closing Friday at $1,015.80 and trading around $1,032 on Monday morning. This surge brings the memory specialist's market capitalization to approximately $1.2 trillion.
The dramatic price increase is directly linked to booming demand for memory chips from artificial intelligence data centers. This demand has outpaced supply, leading to record-breaking financial performance for Micron. In its fiscal third quarter ending May 28, 2026, revenue quadrupled year-over-year to $41.5 billion, and gross margin expanded to 84.6% from 37.7% a year prior.
As a result of this financial success, Micron's stock price has climbed, prompting speculation about a potential stock split. While the company has not made any official announcement, Micron has a history of three previous stock splits, with the most recent occurring in March 2000. Other semiconductor companies, such as Nvidia and Broadcom, have recently implemented their own stock splits.
