South Korean chipmaker SK Hynix is the latest company to join the stock market’s $1 trillion club.<\/p>\n
SK Hynix hit the milestone on Wednesday, less than 24 hours after US chipmaker Micron did the same.<\/p>\n
Chip stocks have boomed in the last year amid red-hot demand for the chips that power AI.<\/p>\n
South Korean chipmaker SK Hynix became the latest company to join the elite stock market club of companies worth more than $1 trillion.<\/p>\n
The chipmaker’s share price closed up by over 9% on Wednesday to reach 2,243,000 Korean won per share, or roughly $1,500. This, in turn, gave SK Hynix a market capitalization of just over $1 trillion, or around 1,500 trillion Korean won.<\/p>\n
SK Hynix’s share price is up more than 230% so far in 2026, and is 1,000% higher on Wednesday than at the same point in 2025.<\/p>\n
Tech stocks, particularly chip stocks, have powered higher in 2026, boosted by an AI spending frenzy that has pushed Nvidia to become the world’s most valuable company<\/a> and turbocharged the share prices of tech giants like Alphabet, Microsoft, and Apple.<\/p>\n SK Hynix hit the $1 trillion market capitalization milestone less than 24 hours after Idaho-based chipmaker Micron also reached that milestone<\/a>, buoyed by UBS tripling its price target for the firm, and President Donald Trump buying shares in the company and publicly shouting it out.<\/p>\n “Micron, boy Micron’s great, they’re investing hundreds of billions,” the president said at a rally last week.<\/p>\n