SK Hynix’s stock has surged more than 200% this year as the AI boom drives massive demand for memory chips used in Nvidia systems.
The South Korean chipmaker is now approaching a $1 trillion market value, joining Samsung Electronics as another major winner of the AI infrastructure race.
Investors are increasingly shifting attention from AI software companies toward the hardware powering data centers and large AI models.
High-bandwidth memory chips, essential for AI accelerators, have become one of the hottest areas in the semiconductor market.
SK Hynix, one of Nvidia’s key suppliers, has seen its market cap climb to roughly $935 billion following the rally.
The broader AI-driven chip surge has also pushed South Korea’s stock market to record highs, with the Kospi index up more than 80% this year.
Analysts say growing AI workloads are rapidly increasing demand for advanced memory and computing power, turning memory-chip companies into some of the market’s biggest beneficiaries.