Daily Tech Trends Digest

HBM memory goes trillion-dollar — twice in two days. Micron (NASDAQ: MU) crossed the $1 trillion market-cap threshold for the first time on May 26 after shares surged 19% on a UBS upgrade and ongoing reports of HBM4 production sold out through year-end. SK Hynix (KRX: 000660) followed on May 27, with shares climbing up to 14.9% intraday (closing +9.3%) to reach ~$1.12 trillion. Both companies are meeting only 50–65% of customer HBM demand. ^[1][2][3]

Cognition raises $1B at $26B valuation (May 27). The AI coding agent company behind Devin closed a late-stage round co-led by Lux Capital, General Catalyst, and 8VC, with Founders Fund and Ribbit Capital also participating. Run-rate revenue stands at $492M — up 10× since January — with enterprise deployments at Citi, Goldman Sachs, Mercedes-Benz, and the US Army and Navy. The valuation more than doubles Cognition's $10.2B September 2025 figure. ^[4][5]

Quantinuum files S-1/A amendment (May 26); IPO trading targeted for June 4. The Honeywell-backed trapped-ion quantum computing company amended its SEC registration statement, positioning itself for the highest-profile quantum hardware public market debut to date. ^[6][7]

WebMCP enters Chrome 149 production origin trial (announced May 19; trial opens June 2). Google's proposed open web standard — which lets websites expose structured JavaScript/HTML tools for AI agents to call directly, replacing DOM scraping — moves from behind-flag prototype to production-traffic testing in Chrome 149. Microsoft co-authored the spec and already ships Edge 147 support; Firefox and Safari have made no commitments. ^[8][9]

Trump AI executive order remains unsigned (postponed May 20–21, ongoing); Canada's strategy due next week. The White House pulled its voluntary model-review framework for frontier AI labs a second time. By contrast, Canadian PM Mark Carney announced on May 27 that Canada's long-delayed national AI strategy will be released this coming week, anchored by a sovereign AI data center programme. The policy divergence between the US and close allies is an ongoing story. ^[10][11]