SK Hynix hits $1 trillion market cap on AI chip demand
South Korean chipmaker SK Hynix closed 9.3% higher on Wednesday, reaching a market capitalization of over $1 trillion. It became the third Asian company to achieve this milestone, following Samsung and Micron. The surge is driven by soaring demand for AI memory chips.
Key facts
- SK Hynix market cap surpassed $1 trillion
- Stock closed 9.3% higher on Wednesday
- Third Asian company to reach $1 trillion after Samsung and Micron
- Rally fueled by AI memory chip demand
Entities
Institutions
- SK Hynix
- Samsung
- Micron
Locations
- South Korea
Sources
- Quartz —