NewsMV
SK Hynix opened at $170 on Nasdaq, reaching a trillion-dollar market capitalization on a session that placed the South Korean memory chipmaker squarely in focus for technology and semiconductor investors.
The company's chairman told CNBC that demand is "enormous." The $170 print and the trillion-dollar cap are the levels on record; a formal guidance update is what the setup needs next to confirm the signal.
The trillion-dollar market cap That valuation is the number anchoring this session. SK Hynix built its market cap by supplying memory chips to some of the biggest technology companies operating today.
Nvidia and Apple sit at the top of that customer list.
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