SK Hynix Nears Trillion Dollar Valuation
Shares of South Korean company SK Hynix increased by up to 11 percent, pushing its market value to exceed one trillion dollars, amid strong investor demand for memory chips used in artificial intelligence and servers. Since the beginning of the year, the company's stock has soared by approximately 250 percent, supported by growing demand for HBMEM chips. SK Hynix is a major supplier to Nvidia, which has strengthened its position in the AI technology market. This performance is driving a wave of growth in the Korean market, where Samsung also surpassed the one trillion dollar mark, reflecting how closely the performance of the global market is linked to semiconductor demand.
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