Micron shares jump 18%, overtakes Meta in market value

Micron Technology's market value surpassed Meta and briefly matched Tesla for the first time on Thursday. Its shares jumped over 18%, giving it m-cap of $1.398 trillion, compared with Meta's $1.392 trillion. This came after Micron reported record revenue, record gross margin and record earnings for its fiscal third quarter amid strong AI-driven demand for memory chips.