The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion today, making it the second Asian company after TSMC to reach the milestone.
Samsung Electronics, the world's top memory chipmaker, saw its market value reach 1,500 trillion won ($1.03 trillion) in early trading in Seoul today, tracking sharp gains of AI-related stocks in the US overnight.
Shares of the South Korean chip giant were up 12% this morning in Seoul, outstripping the benchmark Kospi's 5.4% gain.
The S&P 500 and the Nasdaq notched record-high closes last night , lifted by Intel and other AI-related stocks, as a US-Iran ceasefire held and investors focused on strong quarterly earnings.
