On Monday, Nvidia Corp (NASDAQ:NVDA) supplier SK Hynix briefly surpassed Samsung Electronics (OTC:SSNLF) to become South Korea’s most valuable listed company.
AI Memory Chip Demand Propels SK Hynix Past Samsung
Shares of SK Hynix surged 5.7% during trading, lifting the company’s market capitalization to about 2,082.5 trillion won ($1.35 trillion), narrowly edging past Samsung Electronics at 2,081.3 trillion won, Reuters reported.
The milestone marked a historic shift in South Korea’s corporate hierarchy, with Samsung having held the top spot since 2000.
At the time of writing, SK Hynix stock was trading 4.7% higher at KRW 2,894,000 (about $1,884) in Seoul while Samsung shares were up 0.14% at KRW 354,500 (about $230).
