Samsung Electronics, the world's largest memory chipmaker, saw its market capitalization surpass $1 trillion on Wednesday, joining Taiwan Semiconductor Manufacturing Company as the second Asian company to achieve the feat.
Shares of the South Korean giant surged 12% in early trading in Seoul, outpacing the benchmark Kospi's 5.4% gain. The rally tracked sharp increases in U.S. AI-related stocks, with the S&P 500 and Nasdaq closing at record highs on Tuesday, fueled by Intel and other semiconductor firms.
The milestone underscores the growing investor appetite for AI-driven technologies and solidifies Samsung's dominant position in the global chip market.