NVIDIA Supply Chain Strengthened by HBM Surge and CoreWeave’s Nasdaq-100 Debut
NVDA•SK Hynix’s 340% rally this year propelled its HBM chips for Nvidia to lift market value to 2,082.5 trillion won, surpassing Samsung. Memory stocks hit record highs even as Nvidia shares slipped 1%, while CoreWeave joins the Nasdaq-100 after a 194% IPO surge and $100 billion backlog.
1. SK Hynix Overtakes Samsung in Market Value
SK Hynix’s market cap soared to 2,082.5 trillion won after shares rallied over 340% this year, driven by its dominant position in high-bandwidth memory chips used in AI systems for Nvidia. The milestone marks the first time since 2000 that Samsung Electronics has been dethroned as South Korea’s most valuable listed company.
2. Memory Stocks Rally Buoys Semiconductor Sector
Key memory-chip stocks, including Micron, SanDisk, Seagate and Western Digital, hit record highs propelled by accelerating AI demand for data-center memory. Despite the surging sectoral fund and strong RSI readings, Nvidia shares dipped 1% amid broader market tensions, highlighting divergent investor sentiment within semiconductors.
3. CoreWeave Joins Nasdaq-100 on Strong Growth
CoreWeave is set to enter the Nasdaq-100 index on June 22 following a 194% share price surge since its IPO and a contracted order backlog exceeding $100 billion. The AI infrastructure provider’s deep partnership with Nvidia and triple-digit revenue growth underpin expectations for continued market momentum, despite high leverage concerns.
