Micron surpasses $1 trillion market cap for the first time, while Walmart falls below after underwhelming earnings guidance.
Micron (MU) reached a $1 trillion market capitalization on May 26, driven by surging demand for AI memory chips. The milestone reflects investor enthusiasm for semiconductor stocks amid the AI boom.
Walmart (WMT), the first traditional retailer to hit $1 trillion, fell below the threshold on May 21 after reporting earnings. Despite beating revenue expectations with $177.8 billion and matching adjusted EPS of $0.66, its guidance disappointed. Walmart now trades at a $945 billion market cap, up 5% year-to-date but trailing the S&P 500’s 10% gain.
Walmart’s Q2 EPS guidance of $0.72-$0.74 missed the $0.75 consensus, while its full-year EPS midpoint of $2.80 fell short of the $2.92 analysts projected. The stock’s decline underscores investor sensitivity to forward-looking estimates.