business
Micron and SK Hynix Cross $1 Trillion Valuations as Chip Shortage Fuels AI Boom
Key takeaways
- Hyperscalers building massive AI clusters need enormous amounts of HBM to power advanced accelerators, and constrained manufacturing capacity has created one of the strongest operating environments the memory industry.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Micron Technology wasn t one of them.
- The trillion-dollar club just got two new memory chip members.
Micron and SK Hynix Cross $1 Trillion Valuations as Chip Shortage Fuels AI Boom Thomas Richmond Tue, June 2, 2026 at 6:42 PM GMT+7 4 min read MU 005930.KS 000660.KS NVDA Quick Read SK Hynix and Micron both hit $1 trillion in market capitalization this week, joining Samsung as the world’s memory chip giants riding an unprecedented AI infrastructure supercycle.
Hyperscalers building massive AI clusters need enormous amounts of HBM to power advanced accelerators, and constrained manufacturing capacity has created one of the strongest operating environments the memory industry.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Micron Technology wasn t one of them. Get them here FREE.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop