Development

The memory makers pass the oil majors

development2026-06-01

Claim

Samsung, SK Hynix and Micron each topped a trillion-dollar market capitalization, together worth about 22% more than the three biggest oil firms.

Reported metric: +22% vs oil

Reporting date: 2026-06-01 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

Welcome to June 1, 2026 (theinnermostloop.substack.com)

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Welcome to June 1, 2026

Actor

Evidence for

Supersedes

AI memory demand kills the cheap smartphone

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The memory makers pass the oil majors
Innermost Loop KB — secondary record
Reporting date: 2026-06-01
KB permalink: https://nicholsn.github.io/innermost-loop-kb/developments/2026-06-01-memory-is-worth-more-than-oil
Claim: Samsung, SK Hynix and Micron each topped a trillion-dollar market capitalization, together worth about 22% more than the three biggest oil firms.
Attributed sources:
- Welcome to June 1, 2026 — https://theinnermostloop.substack.com/p/welcome-to-june-1-2026
This citation does not imply independent verification of linked-source claims.

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