Synopsis
Samsung Electronics has achieved a $1 trillion market valuation, driven by soaring demand for AI chips. The memory giant's stock has quadrupled, making it the second Asian firm after TSMC to reach this milestone. This surge highlights memory's structural role in AI infrastructure and fuels a broader rally in regional tech stocks.Listen to this article in summarized format
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The milestone came as the South Korean company’s shares rallied as much as 11% early on Wednesday, making it only the second Asian firm after Taiwan Semiconductor Manufacturing Co. to hit the mark. The gains boosted the Kospi benchmark above the 7,000 level.