Micron Technology, Inc. (NASDAQ:MU) is one of the safe stocks for beginners to buy in 2026.
Reuters reported on June 25 that Micron Technology, Inc. (NASDAQ:MU) surpassed the market valuation of Meta Platforms, and briefly Tesla, for the first time on Thursday
The company’s solid forecast allowed it to extend its AI-driven ascent, with its shares last up 18.4% at $1,236. Reuters reported that this gave it a market capitalization of $1.398 trillion, compared with Meta’s $1.392 trillion and Tesla’s market value of $1.4 trillion. Micron Technology, Inc. (NASDAQ:MU) also received a rating update from DA Davidson on June 25.
The firm lifted the price target on the stock to $2,000 from $1,500 and maintained a Buy rating on the shares. The rating update came after the company’s fiscal Q3 earnings beat, with the firm telling investors in a research note that Micron Technology, Inc. (NASDAQ:MU) has entered an era where it has some of the semi industry’s best visibility, which is a far cry from its historical role in the semi market. It further stated that the company’s yet another blowout quarter and positive forward-looking commentary suggest the memory cycle is far from over.