Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure d

June 25 (Reuters) - Micron Technology edged past the market valuation ‌of Meta Platforms and briefly ‌Tesla's for the first time on Thursday, ​after the memory chipmaker's solid forecast helped extend its AI-driven ascent.

The company's shares were last up 18.4% ‌at $1,236, giving ⁠it a market capitalization of $1.398 trillion, compared with Meta's $1.392 ⁠trillion. Tesla had a market value stood of $1.4 trillion.

Micron's fourth-quarter revenue ​and profit ​forecasts on ​Wednesday helped shares ‌reverse a recent slump, with the company disclosing its customers had committed $22 billion to lock in supplies of memory chips.

The chip company topped $1 ‌trillion in market ​value on May ​26, following ​the entry of South ‌Korea's Samsung Electronics into ​the club, ​as memory chipmakers benefit from investor appetite for beneficiaries of ​Big Tech's ‌mega AI spending plans.

(Reporting by ​Purvi Agarwal in Bengaluru; Editing ​by Sriraj Kalluvila)

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/micron-overtakes-meta-market-value-134026985.html)