SK Hynix and Micron Cross $1 Trillion Valuations as AI Demand Reprices Memory Chips

SK Hynix and Micron Technology have each exceeded $1 trillion in market capitalization for the first time, marking a major revaluation of memory chipmakers amid surging artificial intelligence demand.

The milestone reflects investors’ growing focus on the memory and storage components needed to support AI systems. The rally suggests that enthusiasm around AI is extending beyond core accelerator makers to companies supplying critical parts of the broader computing stack.

SK Hynix’s valuation rose sharply, making it the third Asian company to reach the $1 trillion threshold. Micron’s shares also surged after an analyst forecast further growth.

The move places memory chipmakers more firmly at the center of the AI investment cycle, as markets price in continued demand for the hardware required to train and run advanced models.

The coverage falls within developing May 28 reporting, which includes both direct May 28 publications and late May 27 reports affecting the current day.