Booming AI chip demand helps create two new $1tn club members
Semis
SK Hynix and Micron have crossed the $1 trillion market cap threshold, driven by surging AI-related HBM chip demand. Despite the milestone, heavy insider selling at MU and an already near-consensus Strong Buy rating limits the incremental upside case for new longs.
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Angle
↓ SHORT-8% target+5% stop1-3 weeks
Fade MU near-term — 54 insider sells in 30 days and a +19% single-day rip on $1T milestone hype screams distribution, not accumulation.