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Micron and SK Hynix cross $1 trillion valuations on AI chip frenzy
- Micron and SK Hynix crossed the historic $1 trillion valuation threshold following a highly bullish call from UBS.
- Micron's Frankfurt-listed shares jumped 15.3% to €777.30, while SK Hynix surged 10.0% to €1,265.00.
- This dual surge highlights the accelerating global demand for high-bandwidth memory chips required for artificial intelligence applications.
Supporting datasets
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Conclusion
MTE.F (Micron) rose 15.3% from €674.00 to €777.30 on May 26. HY9H.F (SK Hynix) rose 10.0% from €1,150.00 to €1,265.00 on May 26.