Micron just hit $1 Trillion market cap for the first time in history and becomes the 10th-largest U.S. company
$MU Micron is up 18% yesterday alone. A year ago this company was worth $60 billion. Today it crossed $1 trillion. That is a 1,350% move in just 413 days. UBS nearly tripled its price target from $535 to $1,625, citing explosive AI memory demand and a global memory shortage that is allowing Micron to raise prices at will. Every Nvidia chip needs memory chips to function. Micron makes those memory chips. Source: Bull Theory, Stocks World
Semi-conductors are going vertical. The SOX index is up 18% from the “momentum” washout lows just a few sessions ago.
The bounce off the 21-day moving average has been nearly perfect, although the current upside panic is starting to look increasingly extreme. SOX monthly RSI is now at 87, the highest level since the dot-com bubble. Source: TME
SK Hynix has officially joined the $1 TRILLION club.
Shares jumped 11% today, pushing the company’s market capitalization to a record ₩1,624 TRILLION ($1.08 TRILLION). Just one month ago, SK Hynix was worth around $600 BILLION, adding $480 BILLION market value in just 30 DAYS. The stock is now up roughly 240% in 2026 alone. SK Hynix posted record numbers, Q1 2026 revenue ₩52.6 trillion ($36 billion) with Operating profit of ₩37.6 trillion ($27 billion). SK Hynix has become one of the biggest winners of the AI era as demand for HBM chips used in Nvidia AI GPUs keeps surging. Source: Bull Theory
Semiconductors index $SOX keeps marching higher without its general.
We have not seen such a wide divergence between SOX and hashtag#nvidia $NVDA in quite some time. Is NVDA quietly becoming the main funding source for the latest semis upside panic? Source: TME
If you invested $100,000 into Zoom $ZM at the peak of the pandemic hype in 2020, you would have less than $12,000 left today.
The stock crashed over -88%, eroding nearly $130 BILLION in market value as the work from home bubble collapsed. Source: Bull Theory
US futures hit a new ALL TIME HIGH after Washington Post confirmed a US-Iran ceasefire framework for 60 days.
Dow Jones is up +0.91% hitting 51,211. S&P500 is up +0.95% hitting 7,569. Nasdaq is up +1.35% hitting 29,995. Russell is up +1.57% hitting 2,922. Source: Bull Theory
The MSCI Emerging Markets index relative chart (vs. the US) looks very different if you take out TSMC, Samsung and SK Hynix.
Source: Oxford Economics
UBS’s balance sheet is bigger than Switzerland’s economy.
Source: @financialtimes
