Live markets: Bitcoin remains under pressure as Korea's SK Hynix joins Micron in $1 trillion club
Memory chip stocks are attracting capital and attention as crypto markets settle into apathy....
Key takeaways
- 1Micron Technology surged 21% to join $1 trillion club; SK Hynix rose 9.3% and Samsung also topped $1 trillion valuation.
- 2Memory chip stocks driven by AI boom expectations with pricing power projected to last until 2028.
- 3Bitcoin down 1.5% to $75,800 as capital flows to AI stocks; crypto sentiment remains deeply negative.
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Why it matters
Indian retail investors tracking crypto should note the capital rotation from digital assets to AI chip stocks signals weakening near-term crypto momentum. This sentiment shift could impact rupee-denominated crypto trading volumes and valuations in the Indian market.
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