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SK hynix beats Samsung Electronics in market cap to become most valuable company
SK hynix on Monday surpassed Samsung Electronics in market capitalization, to become Korea's most valuable listed company. Shares of SK hynix closed 5.61 percent higher, lifting the company's market capitalization to 2,080.37 trillion won ($1,350.98 billion), compared with Samsung Electronics' 2,066.66 trillion won after its stock slipped 0.14 percent. The milestone marked the first time Samsung Electronics has relinquished the top spot on the benchmark Korea Composite Stock Price Index (KOSPI) since it began its uninterrupted reign in 2000. Samsung first became the country's most valuable company by market capitalization in 1999. The shift comes as Korea's two largest chipmakers have continued to benefit from robust semiconductor demand fueled by the artificial intelligence (AI) boom, with SK hynix significantly outperforming Samsung Electronics in stock gains. SK hynix, now the dominant supplier of high-bandwidth memory (HBM) chips used in AI systems by customers including Nvidia and Alphabet's Google, has emerged as one of the biggest beneficiaries of the global AI boom. Its shares haveWeiter zum vollständigen Artikel bei Korea Times
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Quelle: Korea Times
