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International Business Times UK
International Business Times UK
Stephanie Cruz

Samsung Hits $1 Trillion Valuation — Stock Explodes As AI Chip Race Intensifies

Samsung TSMC Apple Asia Kospi Nvidia
Samsung Hits $1 Trillion Valuation (Credit: AFP News)

Samsung Electronics on Wednesday crossed a market capitalisation of $1 trillion (£793 billion), making the South Korean chip giant only the second firm in Asia to reach the milestone after Taiwan Semiconductor Manufacturing Co.

The stock jumped more than 15 per cent in Seoul trading, putting it on course for the biggest one-day advance in Samsung's history, according to FactSet data. CNBC noted Samsung had first briefly touched the $1 trillion mark on 26 February before pulling back.

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