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Micron and SK Hynix join $1 trillion club as AI drives memory chip demand surge

Market News
02 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Micron Technology and South Korea's SK Hynix both surpassed $1 trillion in market value, joining Samsung as leaders in the semiconductor memory chip sector. This milestone reflects soaring demand for high-bandwidth memory (HBM) driven by AI infrastructure growth, which outpaces supply capacity. Micron's recent strong financial results highlight rising revenues and margins fueled by AI-related memory needs. Investors will watch HBM pricing, hyperscaler spending, and South Korean labor developments as key factors shaping the industry's future.

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