CNBC Daily Open: The $1 trillion club just got bigger - CNBC
Semis
SK Hynix crossed the $1 trillion valuation milestone alongside Micron, as the AI-driven memory chip rally lifts both HBM suppliers into mega-cap territory. The milestone validates the memory upcycle thesis but also flags a sentiment-peak risk — both stocks are now priced for perfection with insiders at MU selling aggressively.
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Angle
↓ SHORT-8% target+4% stop2-3 weeks tactical
Fade MU near $1T valuation milestone — insider selling heavy, consensus already max-bullish, and milestone headlines are classic sentiment exhaustion signals.