Huo Xing Finance reports: On June 1, over the weekend, U.S. tech stocks—particularly semiconductor and memory (DRAM) sectors tied to AI—continued to spark intense market discussion. SK Hynix and Micron Technology (MU) joined the $1 trillion market cap club on Tuesday and Wednesday of last week, respectively, becoming the new elite in the AI memory chip space alongside Samsung Electronics. This milestone stems directly from the surging demand for high-bandwidth memory (HBM), DRAM, and NAND flash driven by AI computing power growth—the rapid construction of AI data centers has caused a severe global shortage of memory chips; Micron has confirmed that all its HBM capacity for 2026 is already sold out, significantly strengthening its pricing power. On Trade.xyz, after a modest, gradual rise, both Micron (MU) and SK Hynix broke through the $1,000 mark this morning, posting a 24-hour gain of 3.27%. SK Hynix also exhibited a steady, non-retracing upward trend over the weekend; however, after its price briefly exceeded its actual stock value, it dipped slightly upon the opening of the Korean market before recovering, ending with a 24-hour gain of 0.68%. Investment banks including Goldman Sachs have simultaneously raised profit forecasts for SK Hynix and Samsung, anticipating substantial profit growth from 2026 to 2028 due to AI training, inference, and agent system demand far outstripping supply. The entire memory sector is experiencing strong momentum; products like the Roundhill Memory ETF (DRAM), which are heavily concentrated in Micron, SK Hynix, and Samsung, have drawn significant investor attention and are being viewed as the “golden ticket” to AI infrastructure. However, the market has also cautioned about the traditional “boom-bust” cycle risks in the memory industry, with some analysts warning that current price gains may have entered an elevated zone. In overnight trading, U.S. futures edged higher, led by optimism around AI: Nasdaq 100 futures rose approximately 0.45%, S&P 500 futures gained about 0.23%-0.24%, and Dow futures rose roughly 0.1%, suggesting that tech stocks are likely to maintain their strength at Monday’s open. On social media, Micron’s breakout above $1,000 has sparked widespread discussion, with memory leaders becoming the focal point for capital flows; related Korean stocks have also hit new highs. Overall, the AI supercycle continues, and semiconductor sectors—particularly AI memory and storage—are still attracting strong investor interest in the short term; however, investors should remain mindful of macroeconomic data (such as the upcoming jobs report) and potential correction risks.
Micron Surpasses $1,000 as AI-Driven Memory Demand Boosts SK Hynix and Samsung
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Summary
Micron Technology (MU) surpassed $1,000 on June 1, 2026, as AI-driven demand for memory chips propelled SK Hynix and Samsung into the trillion-dollar market cap club. High-bandwidth memory (HBM), DRAM, and NAND flash experienced strong price increases amid rising demand for AI training and inference. Goldman Sachs raised its profit forecasts for SK Hynix and Samsung. MU rose 3.27% within 24 hours. Altcoins to watch are gaining traction as investors monitor the Fear & Greed Index for shifts in market sentiment. Memory ETFs such as DRAM are attracting attention, though analysts caution about cyclical risks in the sector.
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