SK Hynix reached a record high of 1.9 million won during trading, driven by strong demand expectations for artificial intelligence (AI) semiconductors, attracting significant foreign and institutional investment.
According to the Korea Exchange, as of 10:58 a.m. on May 11, SK Hynix shares rose by 209,000 won (12.40%) to 1,895,000 won. The stock briefly touched the 1.9 million won mark, setting a new all-time high. Its market capitalization surged to approximately 1,350.57 trillion won.
Market analysts suggest that ongoing investments in high-bandwidth memory (HBM) for AI semiconductors are fueling optimism about earnings. The competition among global tech giants to invest in AI infrastructure has led to increased buying interest in SK Hynix, a key player in Nvidia's supply chain.
Investor sentiment also spread across major semiconductor stocks. At the same time, Samsung Electronics saw its shares rise by 7.26% to 288,000 won, with a market capitalization estimated at 1,683.73 trillion won.
The combined market capitalization of Samsung Electronics and SK Hynix reached approximately 3,034 trillion won, highlighting their significant role in driving the domestic stock market's upward trend.
Additionally, the day's gains appear to be influenced by the recent rise in the New York stock market over the weekend, driven by optimism surrounding a potential resolution to ongoing negotiations and better-than-expected employment figures. Last weekend, the tech-heavy Nasdaq index closed up 440.88 points (1.71%) at 26,247.08.
* This article has been translated by AI.
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