SK Hynix and Micron both surpassed the $1 trillion market capitalization threshold this week as investor enthusiasm for AI-focused semiconductor firms fueled sharp gains. The surge in both stocks highlights accelerating demand for memory chips essential to artificial intelligence technologies.
SK Hynix shares climbed as much as 11% on Wednesday, building on a rally that has seen their value increase 250% since the start of the year. Robust appetite for high-bandwidth memory chips, especially those used in AI servers and accelerators, has driven this momentum. The Korean chipmaker has solidified its position as a prominent supplier to Nvidia, embedding itself deeper into the core of the global AI supply infrastructure.
Samsung Electronics, a domestic competitor, also recently crossed the $1 trillion valuation milestone. Meanwhile, the Kospi Index set a fresh all-time high, jumping 5% in the morning session and reaching 8,450. The index had just recently crossed the 7,000 mark early this May.
Across the Pacific, Micron achieved a market value above $1 trillion for the first time on Tuesday, following a 19% increase in its share price to close Tuesday at $895.88. Investors responded favorably after UBS raised its price target for Micron from $535 to $1,625 per share, influenced by expectations of continuous AI-driven demand and multi-year agreements at partially fixed prices.
Investor confidence remains high for semiconductor manufacturers closely linked to artificial intelligence, as both SK Hynix and Micron achieve record-breaking valuations in step with soaring demand forecasts.
