The global artificial intelligence boom is rapidly reshaping the semiconductor industry, pushing memory chipmakers into the world's most exclusive market value club and triggering a massive rally in Asian and US technology stocks. US-based Micron Technology and South Korea's SK Hynix became the latest companies to cross the $1 trillion market cap mark, driven by explosive demand for advanced memory chips used in AI infrastructure.
Micron briefly crossed the $1 trillion market value mark on Tuesday after its shares surged nearly 19% during the session. Its shares have risen more than eightfold over the past 12 months, making it one of the biggest beneficiaries of the global AI spending wave.
