SK Hynix and Micron: Booming AI chip demand helps create two new $1tn club members - BBC
Semis
SK Hynix and Micron have both crossed the $1 trillion market cap threshold, driven by surging AI-related HBM memory demand; MU is up 19%+ in a single session hitting all-time highs. The milestone creates a momentum/exhaustion setup — consensus is already heavily bullish (32B/17SB) while insiders have been net sellers (54 sells, 0 buys in 30 days), flagging risk of a post-euphoria fade.
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Angle
↓ SHORT-12% target+5% stop2-4 weeks, into next earnings print
Fade MU near current levels — 19% single-day surge into $1T milestone, heavy insider selling, and near-universal analyst buy ratings leave little incremental upside catalyst and maximum crowding risk.