AI Boom Lifts Memory Chip Makers Above Oil Giants in Market Value Shift

Global memory-chip makers are now being valued above the world’s biggest oil producers, a milestone that underscores how the AI boom is reshaping what markets consider essential infrastructure—and where durable profits may come from.

According to a report by The Wall Street Journal published on Saturday UTC (May 31), the combined market capitalization of three major memory semiconductor companies—Samsung Electronics (005930.KS), SK Hynix (000660.KS), and Micron Technology ($MU)—is about 22% higher than the combined value of three oil giants, Saudi Aramco (2222.SR), Exxon Mobil ($XOM), and…  Read more

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