Samsung Electronics (OTC:SSNLF) reached $1 trillion in its market capitalization on Wednesday, joining Taiwan Semiconductor Manufacturing Company Ltd and others in the elite club.
The shares of the memory maker jumped more than 10% on the day as investors continued to rotate into artificial intelligence-exposed chip names.
Inside Samsung Surge
The move extended a rally that has been fueled by a blowout first-quarter profit report and broader strength across South Korea’s semiconductor complex. Samsung delivered its strongest quarterly results with revenue climbing about 70% year over year, marking the company’s highest-ever quarterly sales. Operating profit surged more than 750% from a year earlier.
The surge was also driven by reports that Apple Inc. (NASDAQ:AAPL) is exploring potential partnerships with Intel Corp. (NASDAQ:INTC) and Samsung to manufacture its processors in the United States.
Samsung’s Profit Surge Fuels Market Euphoria
The gains were not limited to Samsung. SK Hynix was also rising more than 10% to a new all-time high, pushing the KOSPI Index higher. The benchmark surged nearly 6%, at the time of writing, to top 7,300 for the first time, driven by the booming global demand for artificial intelligence.
The KOSPI Index has surged 74% so far this year, following a 76% rally in 2025—its strongest annual performance since 1999—driven in part by the government’s push for market reforms, according to Reuters.
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