A close-up of the Samsung logo at a research building in Silicon Valley on October 28, 2018 in Mountain View, California.
Smith Collection/Gado | Archive Photos | Getty Images
Samsung Electronics shares rose more than 10% on Wednesday, pushing the semiconductor giant’s market capitalization above $1 trillion as investors continued to pile into artificial intelligence stocks.
Samsung became the second Asian company to cross the $1 trillion mark after TSMC. The company surpassed the $1 trillion market cap threshold for the first time on February 26, according to FactSet data.
The price rose after Samsung Electronics posted a record high in its first quarter results last week. Operating profit soared more than eight times to 57.2 trillion won, and sales reached a record high of 133.9 trillion won.
Samsung’s first quarter operating profit also exceeded its full-year profit of 43.6 trillion won in 2025.
The rally also followed a report from Bloomberg that Apple is in exploratory talks with Samsung and Intel to produce chips for Apple devices in the United States, potentially diversifying beyond longtime supplier TSMC.
Shares of South Korean semiconductor giant SK Hynix also rose more than 9%, pushing the benchmark index Kospi up more than 5%, topping 7,000 for the first time.
