SK Hynix Inc is trading 5% up at $1655.00 as the AI boom propels its market capitalization above Samsung Electronics for the first time in nearly 26 years, challenging Samsung's long-held dominance in South Korea.
- The surge is fueled by bullish AI-related semiconductor sentiment and high expectations for sustained growth in the company's leading High Bandwidth Memory (HBM) business segments, where SK Hynix is a dominant supplier for AI systems.
- The stock extends a strong multi-day rally, with a recent 9.44% surge on June 18th contributing to its momentum.