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…
vanced 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
The trillion-dollar club just got two new memory chip members. Micron Technology (NASDAQ:MU) and South Korea’s SK Hynix (000660.KS) both crossed $1 trillion in market capitalization for the first time this week, joining Samsung in a rarified tier of semiconductor giants. The move reflects that demand for AI infrastructure continues to outpace the industry’s ability to supply the memory chips that power it, as discussed during a recent episode of Reuters’ Morning Bid: Week in Review podcast.
As the podcast host put it, “The chip shortage is a big part of this story. They just can’t produce chips fast enough to keep up with the demand from data centers, and that means that their revenues are just going up and up.” Why Memory Became the AI Bottleneck For years, graphics processors grabbed most of the attention in the AI trade. Increasingly, investors are realizing that high-bandwidth memory, or HBM, has become just as important.