SK Hynix and Micron surpass Bitcoin in market cap rankings

Samsung and SK Hynix Surpass Bitcoin in Global Market Cap Rankings as Chip Stocks Soar

Samsung Electronics and SK Hynix have both overtaken Bitcoin in global asset market capitalization rankings, underscoring the dominance of semiconductor companies amid surging demand for artificial intelligence chips.

Samsung Widens the Gap

As of June 19, Samsung Electronics held a market capitalization of approximately $1.52 trillion, placing it among the top 10 most valuable assets globally, according to data from CompaniesMarketCap. The South Korean tech giant has overtaken Tesla to claim the 13th spot in broader asset rankings tracked by Infinite Market Cap, with Bitcoin trailing at $1.261 trillion.coinness

Samsung fan site SammyFans reported the gap between Samsung and Bitcoin had widened to roughly $246 billion. The company’s stock rose 4.62% on June 18, helping propel it past Tesla’s $1.504 trillion valuation.sammyfans

Samsung first crossed the $1 trillion market cap threshold on May 6, becoming only the second Asian company after Taiwan Semiconductor Manufacturing Company to reach that milestone, according to Reuters. Its shares have since continued climbing on the back of record demand for high-bandwidth memory used in AI data centers.reuters

SK Hynix Joins the Overtake

SK Hynix’s market capitalization reached approximately $1.297 trillion as of June 19, ranking it 17th among global assets and surpassing Bitcoin’s $1.261 trillion, according to Infinite Market Cap data reported by Coinness. Micron Technology, at $1.278 trillion, also leapfrogged Bitcoin, pushing the cryptocurrency to 19th place.odaily

SK Hynix shares rose more than 6% on June 18, extending a rally that has seen the stock climb roughly 250% year-to-date, driven by demand for its high-bandwidth memory chips used in AI accelerators. The company first joined the $1 trillion club on May 27, as reported by Reuters and CNBC.coinness

The AI Semiconductor Surge

The rise of memory chip makers reflects a broader reshuffling of global market rankings driven by the AI boom. Annual semiconductor sales are projected to top $1.5 trillion globally in 2026, according to the Semiconductor Industry Association. As of mid-June, Nvidia, TSMC, Broadcom, Samsung, SK Hynix, and Micron all ranked among the world’s most valuable companies.linkedin

South Korea has become the first country outside the United States to have more than one company reach the $1 trillion valuation threshold, Reuters reported in May. The Kospi index has hit record highs as Samsung and SK Hynix together account for more than 40% of the benchmark’s weighting.reuters