The Financial Post reports in its Thursday, May 28, edition that memory-chip stocks are surging, with SK Hynix and Micron Technology's market caps surpassing $1-trillion (U.S.) for the first time as investors anticipate a lasting revaluation driven by the artificial intelligence boom. A Bloomberg dispatch to the Post reports that SK Hynix rose 9.3 per cent in South Korea on Wednesday, taking its 12-month gain to more than 1,000 per cent and becoming the third Asian company to join the $1-trillion (U.S.) club after rival memory-chip maker Samsung earlier this month. Micron soared 19 per cent on Tuesday, the most since 2011, after a UBS analyst said the stock may double over the next year. The top three high-bandwidth memory producers are at the centre of the global AI expansion, creating a critical bottleneck for data-centre growth. Investors predict memory shortages will persist until 2027, providing these makers with significant pricing power over major tech companies. "Memory chipmakers have been irrationally undervalued, but we are now seeing the trend of recovery in their valuation gap," said Life Asset Management's Kang Daekwun. "We are still at the early stage of the rally."