SK Hynix reached a market value of over $1 trillion for the first time, joining Samsung Electronics and Micron Technology in an AI-driven rally. Strong demand for high-end memory chips used in AI has boosted prices and profits for these semiconductor giants, with memory chip prices doubling in the first quarter.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend