SK hynix enters the USD 1 trillion market cap club to join Samsung and Micron
Seoul, May 27 -- SK hynix joined Samsung Electronics and Micron Technology in the USD 1 trillion market capitalization club on Wednesday, as the artificial intelligence-driven rally pushed all three global memory chipmakers above the trillion-dollar mark. The milestone highlights a sectorwide surge fueled by accelerating investments in AI infrastructure, lifting the valuations of the world's largest semiconductor producers to historic heights.
According to a news report by The Korea Herald, SK hynix shares rose 9.94 per cent or 204,000 won (USD 135.7) early in the trading session to reach 2.26 million won (approx USD 1,540). The stock opened 11.06 per cent higher at 2.279 million won (approx USD 1,550), marking its intraday high during t...
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