SK Hynix Tops $1 Trillion Market Cap AI Memory Surge — SkimNews
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- SK Hynix shares surged up to 11% on Wednesday, lifting its market cap above $1 trillion.
- SK Hynix has climbed roughly 250% year‑to‑date, driven by soaring demand for high‑bandwidth memory used in AI servers.
- Nvidia counts SK Hynix as a key supplier of high‑bandwidth memory for its AI chips, cementing the Korean firm’s role in the global AI supply chain.
- Samsung Electronics and SK Hynix together account for more than 40% of the Kospi, which has nearly doubled since the start of the year.
- Peter Kim of KB Financial Group notes that earnings upgrades for SK Hynix outpace its share‑price gains, making its valuation relatively cheaper.
Why it matters: Investors gain from SK Hynix’s cheapened valuation and AI‑driven growth, while the Kospi becomes more vulnerable to AI market swings, raising volatility risk for South Korean index funds.
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