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00:02SK Hynix shares surged as much as 11% on Wednesday,
00:07pushing the South Korean chipmaker's market capitalization
00:10above $1 trillion, according to CNBC.
00:13The rally extended a roughly 250% gain for the stock
00:17since the start of the year,
00:18driven by demand for high-bandwidth memory chips
00:20used in AI servers and accelerators.
00:23The company has established itself as a key supplier
00:26to AI chip giant NVIDIA.
00:29Domestic rival Samsung Electronics
00:31also crossed the $1 trillion market cap mark in recent weeks,
00:34with its shares rising over 6% on Wednesday.
00:38Together, the two chipmakers account for more than 40%
00:41of South Korea's cost-by-index,
00:43which has nearly doubled year-to-date.
00:46Analysts warned that the concentration raises the risk
00:48of market volatility tied to supply chain disruptions
00:51or a slowdown in data center investment.
00:54For all things money, visit Benzinga.com.
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