SK Hynix shares rise sharply, pushing the South Korean memory-chip maker above a $1 trillion market valuation amid investor demand tied to artificial intelligence. Multiple outlets report a strong single-session rally, including gains of about 10% or more on Wednesday, which lifts the company into the “trillion-dollar club.”
The milestone makes SK Hynix one of the largest publicly traded chip-related companies by market capitalization, and sources note it becomes the second South Korean company in that club, alongside Samsung Electronics, while also being among the first Asian firms to reach the threshold. Bloomberg characterizes the move as part of a broader “memory chip frenzy,” with investor confidence focused on SK Hynix’s position supplying advanced memory chips used in AI systems.
Bloomberg also reports that Micron Technology’s market value is similarly pushed above $1 trillion during the same period, reflecting wider revaluation expectations for the memory industry. The Guardian adds that while the sector benefits from AI-driven demand, some experts warn about potential boom-bust cycles and the concentration of market performance in a small number of major chip firms.
