SK Hynix’s 340% Rally to ₩2,082.5T May Squeeze Nvidia Margins
NVDA•SK Hynix shares gained 5.7% to lift its market cap to ₩2,082.5 trillion after a 340% YTD rally, overtaking Samsung as South Korea’s most valuable company on surging HBM demand for Nvidia AI systems. Nvidia shares, however, slid 1% even as memory-chip peers hit record highs.
1. SK Hynix Overtakes Samsung
SK Hynix shares rose 5.7% to reach a market capitalization of ₩2,082.5 trillion after a 340% year-to-date surge, overtaking Samsung as South Korea’s most valuable listed company. The company supplies high-bandwidth memory (HBM) chips critical to Nvidia’s AI GPU production.
2. Memory Sector Hits Record Highs
Memory-chip makers Micron, SanDisk, Seagate and Western Digital hit record highs, with RSI readings above 70 for SanDisk, Seagate and Western Digital and 66.4 for Micron, underscoring robust AI-driven demand that supports Nvidia’s GPU sales volumes.
3. Nvidia Faces Potential Cost Pressures
Nvidia shares dipped 1% in recent trading, reflecting concerns that escalating HBM prices and soaring valuations of key suppliers may increase GPU component costs and pressure the company’s margin outlook.
