In 1980, J.R. Simplot, known as Idaho's 'French Fry King,' invested $1 million for a 40% stake in Micron Technology, then a struggling startup operating out of a Boise dentist's basement. Today, Micron's market value exceeds $1.2 trillion, making that initial stake hypothetically worth over $400 billion if it had not been diluted through capital raises. Although Simplot's stake shrank over time, his early backing helped launch one of the most lucrative investments in American business history. Micron remains headquartered in Boise and continues to grow, with investors watching its upcoming earnings reports closely.
Micron Technology trades at USD 1,076.89 on Pluang as of Sep 28, 2026 08:11 WIB, showing a 0.47% gain in one day. Its market cap stands at $1.22 trillion, close to the article's valuation. Investors hold Micron for an average of 47 days on Pluang, reflecting steady interest in this major tech stock.
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