OREANDA-NEWS  Two more companies participating in the AI revolution have joined the club of companies with a capitalization of more than a trillion dollars, Bloomberg writes.

Both newcomers to the list of trillionaires produce microchips. These are American Micron Technology, as well as Samsung's main competitor, South Korea's SK Hynix, whose value increased by almost 10 percent on Wednesday, and by more than 1,000 percent in a year.

SK Hynix has become the third trillionaire Asian company in its history. The securities of Samsung, which at the beginning of the month turned out to be the second Asian representative on the list, also rose in price amid news of the union's approval of the bonus agreement. As a result, the local KOSPI index, which fell below 5,100 points in early March, closed on May 27 with an increase to 8,228.7 points.

"Manufacturers of memory chips were irrationally undervalued, but now we are seeing a tendency to restore the gap in their valuation," the agency quoted Kang Dae Kwun, chief investment officer of Life Asset Management in Seoul, as saying that the market is still at an early stage of the rally.