US stoks | Micron surges 19%, overtakes Meta in market value amid relentless AI infrastructure demand

Micron Technology shares surged around 19 percent to $1,244.4 in US trade, giving it a market capitalisation of $1.393 trillion and overtaking Meta at $1.391 trillion. The rally followed the company's strong fourth-quarter revenue and profit forecasts, with customers committing $22 billion to secure memory chip supplies. The move signals relentless AI infrastructure demand boosting the global semiconductor cycle.