SK Hynix is about $50bn away from being a trillion-dollar company

"If SK Hynix crosses the threshold, South Korea becomes the first country outside the US to host two trillion-dollar companies at the same time. SK Hynix is roughly $50b n away from a trillion-dollar market capitalisation. Its shares closed Wednesday with a market value around $948bn, up more than 200% so far this year and 274% across 2025, on the same trade that has lifted nearly every name with high-bandwidth memory on its product page."

"The driver is no longer hypothetical. SK Hynix is the world's largest supplier of high-bandwidth memory, the stacked DRAM that sits next to the GPU on AI accelerators and which Nvidia, Google, and AMD now order in volumes the industry has not had to plan for before. The company's CFO confirmed in October that its 2026 HBM supply was already sold out, and executives have since flagged a likely shortage running into 2027."

"The next-generation product is where the share math gets steep. SK Hynix is expected to supply about two-thirds of Nvidia's HBM4 demand for the Vera Rubin platform, with mass production having started in February and the company's HBM4 share of revenue projected to overtake HBM3E from Q3. Samsung is the credible second source. Micron is third. There is no fourth."

"The Q1 numbers gave the rally a balance sheet to point at. Revenue in the three months to March nearly tripled year on year and crossed 50 trillion won for the first time, the kind of single-quarter print that resets the company's earnings multiple before the a"

SK Hynix is close to reaching a trillion-dollar market capitalization, with its shares valued around $948 billion after large gains in 2025 and 2026. South Korea could become the first country outside the US to host two trillion-dollar companies simultaneously if SK Hynix crosses the threshold, following Samsung Electronics reaching $1 trillion. Demand for high-bandwidth memory is accelerating because AI accelerators require stacked DRAM, and major customers are ordering in volumes that were previously unprecedented. SK Hynix’s 2026 HBM supply is already sold out, and executives have warned of a likely shortage extending into 2027. Next-generation HBM4 production is ramping, with SK Hynix expected to supply about two-thirds of Nvidia’s HBM4 demand for the Vera Rubin platform. Q1 results showed revenue nearly tripling year on year and surpassing 50 trillion won, supporting a higher earnings multiple.

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