00:00SK Hynix and Micron have now joined the exclusive $1 trillion club.
00:05The South Korean chipmaker is up more than 1,000% over the past year,
00:09becoming only the third Asian company to cross the $1 trillion mark just weeks after viable Samsung.
00:16Together, SK Hynix, Samsung and Micron control the choke point of the global AI build-out.
00:22The world's biggest tech companies need their semiconductors
00:25and pricing power is increasingly in these chipmakers' hands.
00:28Just last month, SK Hynix reported a five-fold jump in quarterly profit
00:33and said it expects HBM demand to top supply for at least the next three years.
00:39The AI chip boom is now reshaping entire market.
00:44Taiwan, home to TSMC, just overtook India as the world's fifth largest stock market,
00:50but South Korea has surpassed Canada to become number seven.
00:53And with a global memory shortage expected to last through next year,
00:57this extraordinary rally may be far from over.
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