SK Hynix Nears $1tn Valuation, Propelling South Korea Toward Historic Double Milestone in Global AI Race - Tekedia

SK Hynix has surged to about $942 billion in market value, edging closer to the $1 trillion mark on booming AI chip demand.

Strong demand for DRAM and high-bandwidth memory used in AI systems has fueled a major rally in the stock.

The rise has helped push South Korea’s market to record highs and could make the country home to two trillion-dollar companies outside the U.S.

A possible Samsung labor strike may briefly redirect more chip orders to rivals such as SK Hynix.