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Wed, 27 May 2026

Wed, 27 May 2026 Booming AI chip demand helps create two new $1tn club members

SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.

* SK Hynix and Micron's stock market valuations have risen above $1tn, driven by demand for AI data centers.
* SK Hynix shares jumped 10% on Wednesday, tripling since the start of the year.
* Micron shares rose almost 20% after UBS tripled its stock price target.
* Both companies join a group of firms with valuations above $1tn, including Nvidia, Amazon, Apple, Microsoft, Google-owner Alphabet, and Meta.
* The surge in demand for advanced computer chips has led to a global memory chip shortage, boosting sales for manufacturers like SK Hynix and Micron.
* Samsung Electronics joined the $1tn club in May, with its shares more than doubling since the start of the year.
* Nvidia is the biggest winner in the AI spending spree, reaching a stock market value of $5tn in October.