BUSINESS % min read

Two More Chipmakers Hit $1 Trillion as AI Demand Explodes

Two More Chipmakers Hit $1 Trillion as AI Demand Explodes
Photo by William Warby / Unsplash

Soaring global demand for AI‑related hardware has pushed two more semiconductor giants — SK Hynix and Micron — into the $1 trillion valuation club. SK Hynix’s stock has more than tripled this year, boosted by its role as a key supplier to Nvidia, while Micron surged nearly 20 percent after UBS sharply raised its price target. They join a rapidly expanding group of trillion‑dollar tech firms, including Nvidia, Samsung, Apple, Microsoft, Alphabet and Meta. The AI boom has triggered a worldwide memory chip shortage, driving up sales and valuations across the sector. Still, some investors warn that the explosive growth may be forming an AI bubble.

Read the full story on BBC →