Samsung Electronics' market capitalization surpassed $1.5 trillion (about 2,274 trillion won) intraday on the 2nd, overtaking Meta, the parent company of Facebook and Instagram, to rank 10th globally for the first time.

According to the global corporations market capitalization tracker CompaniesMarketCap.com, Samsung Electronics' market cap reached $1.526 trillion that day, edging out Meta ($1.524 trillion) and moving up one spot from 11th to 10th. The gap with 9th-place Tesla ($1.561 trillion) is just $35 billion.

Samsung Electronics' market capitalization tops 2,000 trillion won for the first time on the 1st and rises further on the 2nd to overtake Meta and place 10th globally. A view of the dealing room at Woori Bank's headquarters in Jung-gu, Seoul./Courtesy of Yonhap News

The world's No. 1 by market cap is U.S.-based Nvidia at $5.434 trillion. It is followed by Alphabet ($4.513 trillion), Apple ($4.498 trillion), Microsoft ($3.420 trillion), and Amazon ($2.810 trillion). Taiwan semiconductor corporation TSMC is 6th at $2.259 trillion, with Broadcom ($2.177 trillion) and Saudi Arabia's Aramco ($1.763 trillion) in 7th and 8th, respectively.

SK hynix, whose share price fell that day, slipped one spot from 12th to 13th.

The market caps of Samsung Electronics and SK hynix have surged this year. As demand for artificial intelligence (AI) chips has jumped, demand for High Bandwidth Memory (HBM) has increased, boosting their profits significantly.

The market capitalizations of Samsung Electronics and SK hynix topped $1 trillion for the first time this year. In Asia, only three corporations have market caps above $1 trillion: Taiwan's TSMC, Samsung Electronics, and SK hynix.

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