SK Hynix crossed the $1 trillion market valuation mark on Wednesday, following rival Micron Technology into the elite club within a day.
The rapid ascent comes as one major bank argues that artificial intelligence demand is still underestimated by the market.
SK Hynix shares surged as investors continued to bet on the memory-chip sector’s central role in powering AI hardware.
The South Korean company supplies high-bandwidth memory used in Nvidia’s AI accelerators, a critical component for advanced computing.
Micron reached the same valuation earlier in the week, highlighting the rally in memory stocks tied to AI growth.
Analysts from one bank now suggest AI adoption is still in its early stages, with much higher future demand for chips.
This perspective adds weight to the view that the current market frenzy may have further room to run for semiconductor companies.
The competition between SK Hynix and Micron underscores the high stakes in securing contracts for next-generation AI infrastructure.
Investors are closely watching both firms as they ramp up production to meet surging orders from data center operators.
The memory-chip sector’s rally reflects broader optimism that AI will drive sustained semiconductor demand for years.
