Micron and SK Hynix reach trillion dollar market values
Micron and SK Hynix reached trillion dollar market values as AI demand persists. Samsung avoided a strike while Goldman Sachs raised its S&P 500 outlook.
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SK Hynix Inc and Micron Technology Inc reached $1 trillion market valuations as AI chip demand drove shares up 20% this week. They join Samsung Electronics Co Ltd in the trillion-dollar club after Samsung reached the milestone earlier this month. Sustained memory chip shortages are fueling a valuation scramble that is pushing global equity benchmarks to record highs.
