The AI boom’s rising heat
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REUTERS — Rocketing demand for memory chips is minting corporate trillionaires by the day with South Korea’s SK Hynix and U.S.-listed Micron each topping $1 trillion in value this week. Samsung hit that mark earlier in the month.
With the AI boom driving demand for chips, Wall Street is full of optimism. UBS has more than tripled its target price for Micron, citing "the structural changes AI has driven to the entire memory complex." That’s after a near 250% rally in the Idaho chipmaker’s stock so far this year.
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