SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks

Shares of SK Hynix jumped more than 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks.

The rally in SK Hynix comes just weeks after its domestic rival, Samsung Electronics, also crossed the $1 trillion market capitalization mark.

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