SK Hynix Market Cap Nears $1 Trillion as Shares Rally 8% on AI Memory Demand
SK Hynix’s market capitalization climbed to $992 billion after its share price gained 8% this week on surging AI memory demand. Strong DRAM pricing and expanded AI data center orders could boost wafer demand and pricing power at TSMC.
1. SK Hynix Valuation Surge
Shares of SK Hynix jumped 8% this week, pushing its market capitalization to $992 billion as investors ramped up expectations for AI-driven memory chip demand.
2. AI Memory Demand Dynamics
Data center customers are locking in higher-priced DRAM contracts to support generative AI workloads, leading to an 18% year-over-year rise in average selling prices for SK Hynix’s flagship products.
3. Implications for TSMC
Rising memory sector investment and longer lead times for DRAM wafers are likely to increase TSMC’s 12-inch wafer orders and strengthen its pricing power in advanced node capacities.