Samsung Electronics Ranks 12th Worldwide by Market Capitalization, SK Hynix 21st

Samsung Electronics has become the first South Korean company to surpass a market capitalization of 1 trillion dollars.
According to CompaniesMarketCap on the 26th, Samsung Electronics’ market capitalization, including preferred shares, stood at 1.025 trillion dollars at the close of trading that day.
This is the first time a domestic company has crossed the 1 trillion dollar market-cap threshold. Globally, only 13 companies have ever exceeded a market capitalization of 1 trillion dollars.
As a result, Samsung Electronics has overtaken Walmart and Eli Lilly and Company to rank 12th in the world by market capitalization. In Asia, it is now the third-largest, following Taiwan Semiconductor Manufacturing Company (TSMC) in 6th place and Saudi Arabian Oil Company (Saudi Aramco) in 7th. A sharp rise in its share price pushed Samsung Electronics up two notches in a single day, from 14th to 12th. On the day, its share price closed at 218,000 won, up 14,500 won, or 7.13%, from the previous session.
The surge was driven by expectations for earnings growth amid the spread of artificial intelligence (AI), as well as the positive impact of Nvidia Corporation’s earnings surprise. On the 25th (local time), Nvidia announced that its revenue for the fourth quarter of its fiscal year, covering November last year to January this year, came in at 68.13 billion dollars (about 97 trillion won). This exceeded the 66.2 billion dollar consensus compiled by market research firm London Stock Exchange Group (LSEG). Meanwhile, SK Hynix’s market capitalization stands at 532.2 billion dollars, placing it 21st worldwide.
jisseo@fnnews.com Seo Min-ji Reporter