Daily Update - May 27th, 2026
Micron rips 20% in a day, Infineon rising power prices, and Semtech's strong position after Q1FY2027 earnings.
Micron joins the elite club of trillion-dollar companies. Literally 10x-ed the market cap in 1 year. What a heyday for memory! Infineon showing signs that power’s upward cycle is here. Semtech is a strong active copper story. Stronger than anyone else, and they’re just getting started.
Let’s get into it!
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Micron, SK Hynix Reach $1 Trillion Valuation
Micron Technology and SK Hynix each surpassed $1 trillion in market capitalization, joining Samsung Electronics to make all three major memory chipmakers members of the trillion-dollar club. The gains were driven by surging demand for high-bandwidth memory used in AI data centers, which has tightened supply and lifted chip prices. Micron’s milestone drew public backing from both President Trump and Wall Street, according to Barron’s. Investor appetite for the sector extended to Asia’s leveraged products: a 2x Leveraged SK Hynix ETF listed in Hong Kong has attracted more than $1.3 billion in year-to-date inflows, pushing its assets to a record $8.0 billion.
Vik: Market cap 10x-ed in 1 year. ‘Nuff said.
Austin: Micron employee RSUs. ‘Nuff said.
Infineon raises power semiconductor prices
Infineon issued a second round of price increases for its power semiconductor products, sending the notice on May 26 with the new prices taking effect July 1. The move follows an earlier hike announced in February that took effect April 1. The increases cover Infineon’s power chip lineup, a segment used in applications ranging from automotive to data center power delivery. The back-to-back adjustments come amid reports of rising demand across the power semiconductor sector.
Translation
#Update: Infineon issued the second round of price increase notice on May 26. The previous round of price adjustment was the price increase notice released in February, implemented on April 1. This round's price increase notice was released on May 26 and will be implemented on July 1. The two rounds of price increases indicate strong demand in the power semiconductor industry, and the upward cycle of the industry has arrived.
Vik: Power Semi is here. 🚀
Austin: Memory is hot. Power is hot. CPUs are hot. GPUs are not? Poor GPUs, they generate all the intelligence and get no love. 😅
Semtech tops estimates, begins CopperEdge shipments
Semtech SMTC 0.00%↑ reported a fiscal-quarter beat and raised its outlook, driven by accelerating data-center revenue. The company began shipping its CopperEdge active copper cable product to a U.S. hyperscaler and said its 1.6T FiberEdge product is entering revenue, with the larger ramp weighted to the second half of the year. Management also pointed to growing traction for its LPO and LRO optical interconnect products and offered guidance commentary extending to fiscal 2028.
Vik: I looked into Semtech’s CopperEdge in quite some depth, and they are way ahead on ACCs. They cofounded the MSA, have named hyperscaler wins at Meta with cable partners, and another unknown CSP whose orders are flowing in. I have a deep dive published this week with all the nitty gritty details about the entire ACC industry, including Semtech. Check it out!
Quick Hits
LightSpeed Photonics is targeting AI data centers with 400-Gbps near-packaged optical interconnects designed to move data between servers more efficiently. (EE Times)
Cerebras confirmed its next-generation CS4 wafer-scale engine stays on 5nm, citing flattened SRAM scaling that makes a 3nm migration offer little practical benefit. (X (@SemiAnalysis_))
Nvidia positioned its Vera CPU for agentic AI, touting fast cores, high memory bandwidth and sustained throughput for AI-factory workloads against rival server CPUs. (Nvidia News)
Omni-Path, the high-speed interconnect nearly killed by Intel and spun off years ago, is being revived by a systems integrator for AI clusters. (X (@DanielNenni))
Copper supply crunch is lifting component costs as tight upstream copper-concentrate supply keeps prices elevated despite rising exchange inventories, amid surging AI hardware demand. (X (@jukan05))
Key Data
But optical comms have sent NOK 0.00%↑ soaring 150% this year.
Funny
LOL. Jensen dragging down my S&P index fund investments. Get on it dude.
Austin: Just wait for physical AI my dudes. Nvidia set to ride that S-curve. See my recent interview with Nvidia’s Deepu Talla:
Nice update ..