South Korea · Nvidia · Samsung · CNBC Technology
SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Shares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks.
Key facts
- Shares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked
- SK Hynix pared gains to close 9.21% higher, while Samsung Electronics ended up 2.68%
- The rally comes weeks after domestic rival Samsung Electronics also crossed the $1 trillion market capitalization mark
- SK Hynix's rally may still have room to run, according to Peter Kim, global investment strategist at KB Financial Group
Summary
The rally extended a blistering run that has seen SK Hynix shares skyrocket about 250% since the start of the year, fueled by surging demand for high-bandwidth memory chips used in AI servers and accelerators. The company has emerged as a key supplier to AI chip giant Nvidia, cementing its position at the center of the global AI supply chain. SK Hynix pared gains to close 9.21% higher, while Samsung Electronics ended up 2.68%. The rally comes weeks after domestic rival Samsung Electronics also crossed the $1 trillion market capitalization mark.