SK Hynix hits $1 trillion valuation as AI chip boom lifts shares
Shares of South Korean memory-chip maker SK Hynix jumped more than 11% on Wednesday, pushing its market value above $1 trillion, CNBC reported. AI-driven memory demand extended a broad rally across Asian chip stocks.
Shares of South Korea's SK Hynix surged more than 11% on Wednesday, lifting the chipmaker into the $1 trillion market-value club. According to CNBC, the rally is fuelled by rising demand for high-bandwidth memory (HBM) used in artificial-intelligence systems.
The stock has climbed about 250% this year. Analysts say the memory cycle could stay strong for years, citing limited new capacity and continued cloud-computing investment.
SK Hynix's gains follow rival Micron, which recently crossed $1 trillion, and reflect broad enthusiasm for Asian chip stocks. Some experts caution that rapid valuation jumps carry the risk of volatility. This article is not investment advice.
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