Micron and SK Hynix Reach $1 Trillion Valuations Amid AI-Driven Chip Demand
Micron (NASDAQ:MU) and South Korea's SK Hynix (000660.KS) have both surpassed a market capitalization of $1 trillion for the first time, driven by surging demand from hyperscalers building large-scale AI infrastructure. The chip shortage has intensified as manufacturers struggle to meet rising needs for high-bandwidth memory (HBM), which is critical for advanced AI accelerators.
Tickers: $MU
Topics: AI infrastructure memory chips semiconductors trillion-dollar valuation