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SK hynix edges Samsung Electronics in market value on AI chip demand, ending Samsung’s 24-year lead on KOSPI
SK hynix Inc. overtook Samsung Electronics Co. in market capitalization on June 22, ending Samsung's uninterrupted lead on the KOSPI since 2000. The shift reflects stronger gains for the memory-chip specialist amid AI-driven demand.
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SK hynix Inc. surpassed Samsung Electronics Co. in market capitalization on June 22 to become South Korea's most valuable listed company, Yonhap reported. SK hynix shares closed 5.61 percent higher, lifting its market capitalization to 2,080.37 trillion won ($1,350.98 billion).
Samsung Electronics shares slipped 0.66 trillion won. Samsung Electronics had held the top position on the benchmark Korea Composite Stock Price Index continuously since 2000. It first became the country's most valuable company by market capitalization in 1999.
SK hynix shares have risen more than 340 percent year-to-date, compared with a 197. Yonhap attributed the widening performance gap to investor preference for semiconductor-focused companies during the artificial intelligence rally. SK hynix is the dominant supplier of high-bandwidth memory chips used in AI systems by customers including Nvidia Corp.
And Alphabet's Google. The company remains heavily concentrated in memory chips, including HBM products, while Samsung Electronics maintains a broader portfolio that includes smartphones, consumer electronics and displays.
