With SK hynix joining the $1 trillion market capitalization club, it became the second among domestic corporations after Samsung Electronics. In Asia, it is the fourth after TSMC and Samsung Electronics. Earlier, on the 6th, Samsung Electronics became the first domestic corporation to make the $1 trillion club, and after about three weeks, SK hynix also joined.
According to the Korea Exchange (KRX) on the 27th, SK hynix was trading at 2,232,000 won as of 10:15 a.m., up 8.77% from the previous trading day. The market capitalization swelled to 1,593.6 trillion won that day, surpassing $1 trillion even based on the early-1,500-won-per-dollar exchange rate.
In the global major corporations' market capitalization rankings, it rose one spot from the previous day to 12th. Nos. 1 to 5 were Nvidia, Alphabet, Apple, Microsoft and Amazon, and Nos. 6 to 10 were TSMC, Broadcom, Aramco, Tesla and Meta. Samsung Electronics ranked 11th with $1.376 trillion, while Berkshire Hathaway ($1.043 trillion) and Micron ($1.01 trillion) placed 13th and 14th, respectively.
Brokerages are also successively raising their target prices for SK hynix. Mirae Asset Securities lifted its target price for SK hynix to 3.8 million won from 3.2 million won. It said the move reflects the broader upward valuation trend across the global memory sector, expansion of long-term agreements (LTA) and high return on equity (ROE).
Kim Young-gun, an analyst at Mirae Asset Securities, said, "We expect the phase of excess demand for DRAM and NAND to continue through 2028," adding, "It is true the stock has risen a lot, but there is still ample room for further gains."