Micron hits $1 trillion and Goldman raises its S&P target — ride the AI chip wave higher
Micron just became a trillion-dollar company as the AI chip boom accelerates, and Goldman Sachs just raised its year-end S&P 500 target to 8,000 because they expect corporate profits — especially from AI — to keep surging.
Idea
Micron crossing the $1 trillion mark is a headline event that signals just how far the AI spending cycle has left to run. Goldman Sachs backed this up by raising its S&P 500 year-end target to 8,000, citing booming AI-driven earnings growth. When a major Wall Street bank upgrades its forecast and a chip stock hits a milestone like this at the same time, it usually means the AI trade still has strong tailwinds. Buying Micron or a diversified chip fund like SOXX lets you ride that momentum without putting everything on one name.