SK Hynix of South Korea and Micron of the United States are reported to have reached market capitalisations of at least $1 trillion, adding two more firms to the small group of companies valued above that threshold. Multiple outlets describe the move as part of a broader resurgence in valuations linked to demand for memory chips used in artificial intelligence and related technologies. Several reports note that Micron has topped the mark and that SK Hynix follows shortly afterward, with at least one outlet highlighting the speed of the jump. The reporting places the companies alongside other large technology firms already in the trillion-dollar club, including names such as Apple, Meta and Tesla. Bloomberg also frames the development as continuing momentum in the AI-led rally, while its additional segment content includes other unrelated news items. Across sources, the central point is that AI demand is supporting higher expectations for memory-chip makers, lifting their stock valuations to the trillion-dollar level.
SK Hynix and Micron join $1 trillion market-cap club amid AI-driven chip demand
SK Hynix of South Korea and Micron of the United States are reported to have reached market capitalisations of at least $1 trillion, adding two more firms to the small group of companies valued above...
- SK Hynix and Micron both reach market capitalisations of $1 trillion.
- The move is linked by multiple outlets to strong demand for AI-related memory chips.
- Several reports describe the development as part of a broader, ongoing ‘AI rally’ in technology stocks.
- The companies join an existing list of firms already valued at $1 trillion, including other large tech names.
- At least one source notes SK Hynix joins the club shortly after Micron.
Micron Technologies and SK Hynix joined the trillion-dollar club, which includes Apple, Meta and Tesla.
2 months agoBloomberg’s Caroline Hyde and Ed Ludlow discuss Micron and SK Hynix joining the $1 trillion market cap club and seeing continued momentum. Plus, Taiwanese prosecutors suspect three individuals of smuggling Nvidia chips to China through Japan. And, XPRIZE founder and early SpaceX investor Peter Diamandis joins to discuss SpaceX's IPO as the company celebrates a major Starship milestone. (Source: Bloomberg)
2 months agoSouth Korea’s SK Hynix and US-based Micron bring tally of companies to achieve $1tn market capitalisation to 16
2 months agoThe frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.
2 months agoThe memory-chip makers have joined an elite group of companies with market values exceeding $1 trillion amid the AI-driven chip boom.
2 months agoSouth Korea's SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.
2 months ago
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