SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally.

Shares of SK Hynix jumped as much as 14.9%, taking the South Korean chipmaker’s market value to a record 1,680 trillion won ($1.12 trillion) and propelling the country’s benchmark KOSPI index to a record high.

Domestic rival Samsung surpassed $1 trillion in market value for the first time on May 6, while U.S.-listed Micron did so on Tuesday.