Just a $70 billion company a year ago, memory chip manufacturer Micron Technology (MU) surged by 21% yesterday, achieving a market valuation exceeding $1 trillion, propelled by a significant price target increase from UBS. South Korea’s SK Hynix mirrored this trend, gaining 9.3% in Seoul on Wednesday and also surpassing a $1 trillion market cap. Its shares have skyrocketed by over 1,000% in the past year. Earlier this month, fellow competitor Samsung Electronics also crossed the $1 trillion mark. These memory stocks represent a critical segment of the AI boom, with investors anticipating that chip shortages — and therefore pricing power — will persist until 2028. Micron has seen an additional 8% rise in U.S. premarket trading on Wednesday morning, while the tech-focused Nasdaq is up 0.9%. Meanwhile, sentiment around Bitcoin (BTC) has soured, as it is down 1.5% in the last 24 hours, currently trading at $75,800. The ongoing focus on AI-related stocks is diverting attention and investment from the crypto market, which, despite some recoveries from early February lows, continues to be overshadowed by negative sentiment. «Nobody cares about bitcoin right now … and you just love to see it,» remarked analyst James Check earlier this week. «Bitcoin sentiment is in the absolute gutter, and the bears are more confident than they have been in a long time.» He added, «Anger, annoyance, disappointment, it’s all happening right now.»