SK Hynix (000660) and Micron (MU) Join $1tn Valuation Club

AI Summary

Chipmakers SK Hynix (000660) and Micron (MU) have surpassed $1 trillion in stock market valuations, fueled by increased demand for AI data centers. On Wednesday, SK Hynix's shares rose by 10%, with its stock price more than tripling since the start of the year. Micron's shares increased nearly 20% following UBS tripling its stock price target for the company. This trend reflects massive global demand for advanced computer chips, resulting in reduced supply and higher sales for these manufacturers.