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SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
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- Shares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks.
- The rally extended a blistering run that has seen SK Hynix shares skyrocket about 250% since the start of the year, fueled by surging demand for high-bandwidth memory chips used in AI servers and accelerators.
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Shares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks.
The rally extended a blistering run that has seen SK Hynix shares skyrocket about 250% since the start of the year, fueled by surging demand for high-bandwidth memory chips used in AI servers and accelerators.
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