By Bram Berkowitz
Publication Date: 2026-05-30 12:48:00
At the turn of the century, investors might have found the idea of a company reaching a $1 trillion market cap as fairly outlandish.
Today, there are over a dozen companies that make the claim, with the artificial intelligence (AI) chip giant Nvidia now trading at a market cap of over $5 trillion. Unless valuations pull back sharply due to AI hitting a major roadblock, more companies are poised to surpass trillion-dollar market caps.
In fact, one just did. Meet this pick-and-shovel AI stock that just joined Meta Platforms, Tesla, and Broadcom in the $1 trillion club.
Image source: Getty Images.
Understanding Micron’s role in AI
What an incredible run the computer memory company Micron Technology (MU +5.07%) has been on. The stock is up over 227% this year and over 867% in the past year (as of May 28).
The big reason Micron and a few other related stocks have surged is due to tremendous demand for memory, which has become a big part of the AI story. Chipmakers like Nvidia need…
