SK Hynix Market Cap Surges to Over $100 Billion

SK Hynix Inc. has achieved a significant milestone, surpassing a market capitalization of over $100 billion. This surge is attributed to the increasing investments in companies essential to the advancement of artificial intelligence technology. Over the past year, the chipmaker's share price has more than doubled, largely fueled by the growing demand for its high-bandwidth memory, which complements Nvidia Corp.'s AI processors. SK Hynix's dominance in the latest version of HBM, with a market share of over 90%, has positioned it as the second-largest company in South Korea. This remarkable achievement underscores the company's integral role in the flourishing AI landscape, reflecting the sustained investor confidence in its technological capabilities and market potential.