Shares of the South Korean memory-chip maker jumped 11% as demand for AI infrastructure boosted its valuation to over $1 trillion.
SK Hynix (HXSCL) shares surged as much as 11% on Wednesday, pushing the company’s market capitalization past $1 trillion. The rally was driven by investor enthusiasm for AI infrastructure stocks, positioning SK Hynix as a key beneficiary of the sector’s growth.
The chipmaker’s valuation milestone follows a broader trend of semiconductor stocks gaining traction amid rising demand for AI-related hardware. Prior to this surge, the stock had already reflected strong performance in the sector, though this marks its first crossing of the $1 trillion threshold.
No immediate market reaction details were provided, but the move underscores the growing influence of AI-driven demand on chipmakers’ valuations.