SK Hynix Tops $1 Trillion After 11% Gain as AI Memory Rally Broadens
SK Hynix surpassed a $1 trillion market value for the first time, joining Micron Technology above that level as the AI-driven rally in memory-chip makers spread. SK Hynix shares rose about 11%, after Micron closed above $1 trillion on Tuesday following a roughly 19% jump spurred by UBS's near-tripling of its price target to $1,625 from $535.
The move underscores investor confidence in companies supplying advanced memory chips used in AI systems. SK Hynix shares have soared more than 900% over the past year, reflecting its position as a leading supplier of advanced memory chips powering AI, while Samsung Electronics climbed as much as 8% to a record high.
From the sources (25 posts)
@alojohMicron casually eyeing another 6%.
@cnbcThis semiconductor stock rose 700% in the past year. UBS says it still could double
@firstsquawkMICRON SHARES EXTEND GAINS TO RISE AS MUCH AS 6.8%
@firstsquawkMICRON PT RAISED TO $1,625 FROM $535 AT UBS
@ftr_investors$MU Micron jumped +7% in pre-market after UBS raised its price target from $535 to $1,625 🚀 UBS believes long-term AI memory agreements with hyperscalers could make Micron’s earnings much more stable 💾 The firm now sees more than 100% ups
@wallstengineUBS Raises $MU PT to $1,625 from $535, Maintains Buy Rating Analyst comments: "With LTAs now firmly in place across most of the industry, we are again raising C2027-2029 estimates and expect EPS to remain comfortably >$100 throughout the p
@stocksavvyshay@VanquishTrader Huge for $MU and Samsung as well
@ecommercesharesUBS dropped a new $1,625 PT on $MU “With LTAs now firmly in place across most of the industry, we are again raising C2027-2029 estimates and expect EPS to remain comfortably >$100 throughout the period, with MU generating over $400B in
@ecommerceshares“We believe the market will start to put a more "normal" multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes Al has driven to the entire memory complex. Our supply chain work on L
@alojohMicron up over 8%. We correctly adviced our subscribers not to take profit. Bullseye (as usual) 🎯
@alojohMicron doing casually another 9% 😅
@firstsquawkMICRON SHARES RALLY 12% IN BIGGEST INTRADAY JUMP SINCE MAY 8
@ftr_investorsWhich of these two memory giants will be the first to reach a $1 trillion market cap? 🤔📈 🇰🇷 SK hynix $HXSCL 🇺🇸 Micron Technology $MU
@bloombergtvUBS raised its price target on Micron to a Street-high view of $1,625, up from $535. Mandeep Singh has more
@alojohMU has become the top traded stock globally even beating Nvidia and Tesla in dollar amount traded.
@polymarketNEW: Micron Technology stock soars +15%.
@deitaone$MU - MICRON TECHNOLOGY HITS $1 TRILLION MARKET VALUE FOR THE FIRST TIME
@stockmktnewzJUST IN: Micron $MU just crossed over a $1 Trillion market cap for the FIRST TIME EVER
@thelonginvest$MU is up +18% A company at $999 Billion Market Cap Not normal times!
@brewmarketsMicron has gained $155 billion in market cap today.
@ftr_investors$MU That's fast. It's Micron! 🚀
@hedgeyeBREAKING: Micron Technology $MU market cap tops $1 trillion
@wallstengineMICRON $MU OFFICIALLY JOINS THE $1 TRILLION MARKET CAP CLUB
@brewmarketsMicron just hit a $1 trillion market cap.
@negligible_cap$MU just joined the $1T market-cap club. Stock had a $100B market cap just 1 year ago. Unbelievable