Samsung Electronics’ common stock market value crossed $1 trillion on Wednesday, making it only the second Asian company, after TSMC, to reach the milestone.
The South Korean tech giant, known as the world’s largest memory chipmaker, saw its market capitalisation rise to 1,500 trillion won, or about $1.03 trillion, during early trading in Seoul.
The jump came as AI-related stocks in the United States posted strong gains overnight, helping lift investor confidence across Asian markets.
Samsung shares were up 12% at 09:52 a.m. in Seoul, far ahead of the benchmark Kospi index, which gained 5.4%.
The rally followed record-high closes for the S&P 500 and Nasdaq on Tuesday. U.S. markets were boosted by Intel and other AI-linked stocks, while investors also reacted positively to strong quarterly earnings and a U.S.-Iran ceasefire that remained in place.
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