Micron Just Crossed $1 Trillion and Retail Is Finally Paying Attention — Is $MU Still a Buy?

$MU just crossed the $1 trillion market cap threshold after a 19.3% single-session surge, fueled by UBS raising its price target to over $1,600 per share — implying a potential market cap north of $1.8 trillion. Bloomberg's Stock Movers coverage has been wall-to-wall Micron, and retail sentiment is shifting from cautious to outright euphoric. The question everyone's quietly asking: is the move already priced in ahead of next earnings, or is UBS actually being conservative?

Meanwhile, the Procure Space ETF (UFO) popped 5.7% as SpaceX IPO mania bleeds into every ticker with 'space' in the description. Momentus ripped 109%, Redwire gained 26%, and Firefly Aerospace was up 18.8% — a classic sentiment-driven halo trade. Jim Cramer broke down SpaceX's $2 trillion valuation on a money-losing business citing a $28.5 trillion TAM, which is either visionary or the most expensive napkin math in history.

Earnings season is setting up as a tale of two markets — Yardeni just raised his S&P year-end target to 8,250 on earnings momentum, while credit card delinquencies are quietly creeping toward 13%. The K-shaped economy doesn't care about your vibe check.