South Korea-based SK Hynix (HXSCL) is getting closer to a $1 trillion market valuation as strong AI chip demand fuels a global rally in semiconductors. The company has benefited from rising demand for high-bandwidth memory (HBM), which is widely used in AI data centers. SK Hynix shares listed in South Korea have surged more than 190% year-to-date and are up 850% over the past year.
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Trade NVDA with leverageFor context, SK Hynix is a leading global chipmaker specializing in HBM, used in AI data centers. Its performance is closely tied to U.S. tech stocks, as it supplies key components to Apple (AAPL), Nvidia (NVDA), and more, making it a key beneficiary of AI-driven demand.