SK Hynix and Micron Surpass $1 Trillion Valuations on HBM Chip Demand
NVDA•SK Hynix’s market cap surpassed $1 trillion after shares rallied over 250% year-to-date, and Micron also crossed $1 trillion following UBS boosting its price target from $535 to $1,625 per share. Both companies’ high-bandwidth memory chips, which deliver over 2.8 terabytes per second for Nvidia’s upcoming GPUs, are driving demand.
1. Trillion-Dollar Milestones
SK Hynix’s market cap exceeded $1 trillion after a year-to-date rally of over 250%, and Micron Technology also crossed the $1 trillion mark as its shares climbed to record highs.
2. UBS Price Target Boost
Micron’s valuation surge was fueled by UBS raising its price target from $535 to $1,625 per share, citing potential long-term agreements with partially fixed pricing that could support future revenue.
3. Explosive HBM Chip Demand
Both companies specialize in high-bandwidth memory (HBM) chips, which stack memory layers vertically to deliver bandwidth exceeding 2.8 terabytes per second, a critical requirement for advanced AI computing.
4. Strengthening Nvidia Supply Chain
As a key AI chip supplier, Nvidia relies on HBM chips to feed data-hungry GPUs, making SK Hynix and Micron central players in the evolving AI hardware ecosystem.
