Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-05-27T15:35:41.000Z
Tech stocks were moved lower on Wednesday, despite the AI trade helping to catapult Micron (MU) and SK Hynix (000660.KS) to hit a $1 trillion valuation for the first time on Tuesday. Micron stock surgedafter UBS analysts published a note that nearly tripled their price target on the stock, arguing that artificial intelligence has changed the way investors should value the company. Micron and SK Hynix’s peer in the memory chip space, Samsung (005930.KS), reached a $1 trillion valuation earlier this month. Samsung stock rose on Wednesday after the company reached a bonus pay deal with unionized workers, ending a five-month dispute. Among semiconductor stocks, Qualcomm stock (QCOM) fell on Wednesday following a report that the chipmaker reached a deal with TikTok owner ByteDance to supply AI
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.