AI demand fueling Micron’s big jump today, powering the tech giant to fresh record highs. The major market cap milestone it just hit, and what one memory sector analyst sees in store for the chip giant. Plus health insurers feeling under the weather, The New York Knicks championship run fuel a supercharged potential spin off from MSG, and where a top money manager is still finding opportunity despite the market’s record run.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Micron’s Massive Move To New Heights… And Opportunity Despite Record Highs 5/26/26

CNBC's "Fast Money"

# Full Transcript

**Podcast:** CNBC's "Fast Money"

## Transcript

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[SPEAKER_E] Live from the Nasdaq MarketSite in the heart of New York City's Times Square, this is Fast Money. Here's what's on tap tonight. Good memory shares in Micron, another chipmaker soaring again today. And they're not the only AI-related names well in the green. Is this a sign that the whole space is getting rerated? And is it too late to get in on this rally? We'll debate that. Plus, shares of Delta Airlines take off. What is weighing on UnitedHealth stock? We're counting down to Salesforce earnings. And the Knicks notch their spot in the NBA Finals for the first time This century, what it could mean for New York ticket prices and the future of the home court, Madison Square Garden. I'm Melissa Lee, coming to you live from Studio B at the Nasdaq. On the desk tonight, Tim Seymour, Karen Finerman, Dan Nathan, and Guy Adami. We start off with the rerating game seemingly playing out, continuing to play out on Wall Street. Micron soaring nearly 20% to top $1 trillion in market value for the first time ever, leading both the S&P and Nasdaq 100. That move coming after UBS tripled its price target on the stock. Micron to more than $1,600 as analysts get more bullish on the company's long-term agreement opportunities. Other chipmakers also catching a bid in a big way. In fact, 17 stocks in the iShares Semi ETF notching all-time highs today. Some of the biggest winners include Onsemi, AMD, Marvell, and Applied Materials. But it's not just semis surging. Check out Dell rising over 3% after Melius Research upped its price target to $380, saying that it's an AI stock that deserves a higher multiple given strong execution. And Apple hitting fresh records. Intraday, but closing fractionally lower to snap a 4-day winning streak. The move coming ahead of its closely watched Worldwide Developers Conference in June, on June 8th, in fact, where investors expect to hear more on the company's AI progress. So are these record rallies signaling a broader rerating for the AI trade? ...

Micron’s Massive Move To New Heights… And Opportunity Despite Record Highs 5/26/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Micron’s Massive Move To New Heights… And Opportunity Despite Record Highs 5/26/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.