SK hynix Tops $1 Trillion Market Value as Shares Rise 11%
NVDA•SK hynix's net profit surged almost 400% in Q1 as AI hardware demand lifted shares over 11%, driving its market cap past $1 trillion. The memory supplier's stock rally underscores intensifying competition for high-bandwidth memory that Nvidia depends on for data-center GPUs.
1. Market Cap Breakthrough
SK hynix's market value exceeded $1 trillion after its share price jumped over 11% on May 27, making it one of only three Asian chip companies to reach this milestone alongside Samsung and TSMC.
2. Profit Surge
The company reported a nearly 400% increase in net profit for the first quarter, driven by strong demand for AI-focused memory products used in data-center hardware.
3. Impact on Nvidia
As a key supplier of advanced high-bandwidth memory for Nvidia's GPUs, SK hynix's expansion and price dynamics could influence Nvidia's component costs and supply chain stability.
4. AI-Driven Market Context
Worldwide investments of hundreds of billions into AI data centers have fueled a boom for memory chip makers, elevating the strategic importance of HBM producers like SK hynix.
