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Live markets: Bitcoin remains under pressure as Korea's SK Hynix joins Micron in $1 trillion club
Key takeaways
- The memory stocks are one leg of the AI boom, with investors expecting chip shortages — and thus pricing power — to last into 2028.
- Micron is higher by another 8% in U.S. premarket trading Wednesday morning, with the tech-heavy Nasdaq ahead 0.9%.
- "Nobody cares about bitcoin right now ... and you just love to see it," said analyst James Check earlier this week.
South Korea's SK Hynix followed suit, rising 9.3% in Seoul on Wednesday to top $1 trillion in market value. It's shares are higher by more than 1,000% over the past year. Earlier this month, peer Samsung Electronics also topped $1 trillion.
The memory stocks are one leg of the AI boom, with investors expecting chip shortages — and thus pricing power — to last into 2028.
Micron is higher by another 8% in U.S. premarket trading Wednesday morning, with the tech-heavy Nasdaq ahead 0.9%.
Article preview — originally published by CoinDesk. Full story at the source.
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