Summary
- SK Hynix's market capitalization surpassed Bitcoin and Micron, lifting it to 15th place in the global asset rankings.
- SK Hynix's corporate value is rising on the back of stronger demand for HBM and AI semiconductors, as well as its key position in the Nvidia supply chain.
- Bitcoin remained in 17th place in the global asset rankings after its market capitalization fell amid recent weakness.
Forecast Trend Report by Period
SK Hynix Inc. has surpassed U.S. memory-chip maker Micron Technology Inc. and Bitcoin in market capitalization. The South Korean chipmaker is also climbing rapidly in the global asset rankings as demand for artificial intelligence semiconductors grows.
As of June 19, SK Hynix's market capitalization stood at about $1.302 trillion, ranking 15th among global assets, according to CompaniesMarketCap, a platform that tracks the market value of listed companies and major assets.
That was higher than Bitcoin's $1.262 trillion market value and Micron's $1.278 trillion. SK Hynix's valuation has climbed sharply on the back of its leadership in the high-bandwidth memory, or HBM, market.
SK Hynix is also narrowing the gap with Samsung Electronics Co., which ranks 12th. Samsung's market capitalization was about $1.581 trillion, leaving a gap of roughly $279 billion between the two companies.
The market value gain has been driven by expanding investment in AI servers and SK Hynix's key position in Nvidia Corp.'s supply chain, market watchers say. The company's stock has surged over the past year, making it one of the semiconductor sector's biggest beneficiaries of the AI boom.
Bitcoin, by contrast, has remained weak recently, dragging it down the global asset rankings. Its market capitalization stood at about $1.262 trillion on June 19, leaving it ranked 17th globally.
YM Lee
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