SK Hynix shares surge to hit $1 trillion valuation
SK hynix’s logo is displayed on a glass wall during the 2026 World IT Expo in Seoul on April 22, 2026.
Jung Yeon-je | Afp | Getty Images
Shares of SK Hynix rose more than 11% on Wednesday, pushing the South Korean chipmaker’s market value above $1 trillion as investors continued to pile into AI-related semiconductor stocks.
The rally extends a strong rally that has seen SK Hynix shares skyrocket nearly 250% since the beginning of the year, fueled by rising demand for high-bandwidth memory chips used in AI servers and accelerators.
The company has emerged as a key supplier to the AI chip giant Nvidiastrengthens its position at the center of the global artificial intelligence supply chain.
The rise in SK Hynix comes just weeks after its domestic rival Samsung Electronics also crossed the $1 trillion market cap mark.
In January, SK Hynix announced plans to establish a US-based AI solutions unit and invest at least $10 billion.
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