SK Hynix Market Value Hits 1 Trillion Dollars
SK Hynix joined Samsung and Micron in the trillion dollar market value club as shares rose over 9 percent on Wednesday. Strong demand for high-end memory used in artificial intelligence chipsets continues to drive record profits and propel the South Korean KOSPI index to new highs.
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SK HYNIX INC reached a $1.12 trillion market valuation on May 27 after shares surged 9.3% amid an artificial intelligence memory boom. The chipmaker joins rivals SAMSUNG ELECTRONICS CO LTD and MICRON TECHNOLOGY INC in the trillion-dollar club. This rally confirms the structural shift in semiconductor demand as AI data centers tighten global supply.
