Samsung crossses $1 trillion valuation as AI frenzy drives historic rally, lifting shares over 15%

By Lee Ying Shan for CNBC – Samsung extended gains after crossing the $1 trillion market cap earlier this year – Last week, the company reported an over eightfold increase in first-quarter operating profits – Chip stocks drove the Kospi above 7,000 for the first time.

Shares of Samsung Electronics surged more than 15% Wednesday, pushing the chip giant’s market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks.

Samsung became the second Asian company to cross the $1 trillion mark, after TSMC. The company first crossed that $1 trillion market capitalization threshold on Feb. 26, according to FactSet data.

The company’s stock has breached a record high and is on course for the largest single-day gain on record, data from FactSet showed.

The rally followed Samsung Electronics’ record first-quarter earnings last week. Operating profit surged more than eightfold to 57.2 trillion won, while revenue climbed to a record 133.9 trillion Korean won.

Samsung’s first-quarter operating profit also topped its full-year 2025 profit of 43.6 trillion won… Full article

Source: www.cnbc.com