- Samsung Electronics has crossed the US$1 trillion market capitalization mark, becoming only the second Asian company to reach the milestone after TSMC
- The world’s largest memory chipmaker saw its market value climb to about 1,500 trillion won ($1.03 trillion) in early trading on May 6, buoyed by a global rally in artificial intelligence-related stocks
- Chipmakers, including Intel, led the rally as investors continued to bet on sustained growth in AI infrastructure and computing demand
SEOUL, South Korea: Samsung Electronics has crossed the US$1 trillion market capitalization mark, becoming only the second Asian company to reach the milestone after TSMC.
The world’s largest memory chipmaker saw its market value climb to about 1,500 trillion won ($1.03 trillion) in early trading on May 6, buoyed by a global rally in artificial intelligence-related stocks.
Samsung shares jumped 12 percent by mid-morning in Seoul, significantly outperforming the broader Kospi index, which rose 5.4 percent.
The surge followed strong gains in U.S. markets overnight, where the S&P 500 and Nasdaq Composite hit record highs, driven by optimism around AI demand and solid corporate earnings.
Chipmakers, including Intel, led the rally as investors continued to bet on sustained growth in AI infrastructure and computing demand.
The gains also came as a ceasefire between the United States and Iran held, easing geopolitical concerns and supporting broader market sentiment.
