Hynix quickly joins Micron in the $1 trillion club as one bank argues AI is actually underhyped
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
SK Hynix has joined Micron in the $1 trillion market-cap club within 24 hours, fueled by a bank argument that AI demand for memory is still underhyped. MU is up 19.3% today alone, with consensus sitting at 17 Strong Buy / 32 Buy but insider selling totaling 54 transactions in the last 30 days — a notable divergence.
The two-sided take
The house read
Wrong ifA follow-through beat on Micron's next earnings print or an accelerating hyperscaler HBM order announcement could force a short squeeze; the 'AI underhyped' bank thesis gaining traction could also keep momentum buyers engaged beyond the typical gap-fill window.
Published read · research, not advice