SK Hynix Shares Jump 12% as Market Value Nears $1.2 Trillion

SK Hynix shares climbed 12% Wednesday, putting the company's market value at $1.19 trillion and marking a sharp market move for the global semiconductor and AI markets.

At 11:24 a.m. ET (15:24 UTC) on Oct. 28, shares were quoted at $162.810 each. The $1.19 trillion valuation put the company about $10 billion below the $1.2 trillion mark.

The two measurements show different sides of the same move: the 12% figure captures the rise in the stock, while the market-value figure places the company near a $1.2 trillion threshold. Both numbers refer to the same Wednesday observation.

The increase marked a major move for global semiconductor and AI markets. Both measures were stated in U.S. dollars, so the per-share quote and total valuation use the same currency.

At the quoted level, $162.810 describes one share, while $1.19 trillion is the stated market value of the company. Together, the figures capture the share price and the company's overall valuation at that observation.