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Shares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant’s market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks.

Samsung became the second Asian company to cross the $1 trillion mark, after TSMC. The company first crossed that $1 trillion market capitalization threshold on Feb. 26, according to FactSet data.

The rally followed Samsung Electronics’ record first-quarter earnings last week. Operating profit surged more than eightfold to 57.2 trillion won, while revenue climbed to a record 133.9 trillion Korean won

Samsung’s first-quarter operating profit also topped its full-year 2025 profit of 43.6 trillion won.