SK Hynix and Micron's market value surpasses Bitcoin! BTC drops to the 19th largest asset worldwide

Global chip market surges, rewriting the asset market value landscape. SK Hynix's stock price soars 6.22%, with market value hitting $1.31 trillion, climbing to 17th place in the global asset market value ranking; Micron Technology closed Thursday up 8.7% in the US stock market, with market value rising to $1.278 trillion. The combined market value of these two AI memory giants surpasses Bitcoin (about $1.261 trillion), pushing BTC's global asset rank down to 19th.
(Background: Bitcoin drops below $81k, global asset rank falls to 10! CryptoQuant founder: Short-term rebound unlikely)
(Additional context: Bitcoin re-enters the world's 9th largest asset! Market value surpasses $1.3 trillion, less than 1% behind silver)

Key Summary

• SK Hynix's stock price today increased 6.22%, with market value rising to $1.31 trillion, moving up to 17th in the global asset market value ranking.
• Micron Technology closed Thursday up 8.7% in the US stock market, with market value rising to $1.278 trillion, surpassing Bitcoin simultaneously.
• Bitcoin's market value is about $1.261 trillion, overtaken by two memory chip companies, dropping to 19th in the global asset ranking.

AI memory demand explosion pushes the market value of two chip companies past Bitcoin simultaneously. SK Hynix's stock price today increased 6.22%, with market value rising to $1.31 trillion, climbing to 17th in the global asset market value ranking.

On Thursday, US stocks closed with Micron Technology soaring 8.7%, with market value reaching $1.278 trillion. Based on current market values, both companies have exceeded Bitcoin's $1.261 trillion, causing BTC's global asset rank to fall to 19th.

AI memory enters the trillion-yuan club

SK Hynix, Micron, and Samsung are the three major suppliers of high-bandwidth memory (HBM), which is the most critical component for AI servers and accelerators. AI data centers are scrambling for memory, leading to shortages and price hikes by the three manufacturers, whose stock prices are soaring accordingly.

Micron first reached a market value of over $1 trillion at the end of May, with a single-day surge of nearly 20%; SK Hynix's stock price has increased by nearly 250% this year. Within just a few weeks, both companies entered the "trillion-yuan club," pushing their market values above Bitcoin.

Bitcoin's ranking steadily declines

In contrast, Bitcoin's global asset rank has been steadily falling. It previously surged past $1.3 trillion, re-entering the world's 9th largest asset, less than 1% behind silver; earlier, it had surpassed silver to sit at 8th place globally.

Frequently Asked Questions

Why can SK Hynix and Micron's market values surpass Bitcoin?

Both are major suppliers of high-bandwidth memory (HBM), with AI server demand driving memory shortages and price increases, boosting their stock prices. SK Hynix's market value reaches $1.31 trillion, Micron's $1.278 trillion, both exceeding Bitcoin's $1.261 trillion.

How is Bitcoin's global asset market value ranking calculated?

This ranking combines the total market values of all assets, including gold, listed company stocks from various countries, and cryptocurrencies. Bitcoin's current market value is about $1.261 trillion, ranking 19th on this list, overtaken by SK Hynix and Micron.