News
SK Hynix stock price reaches 1 million won per share
Tuesday, February 24, 2026 at 09:59 AM
SK Hynix shares have reached the level of 1 million won per share.
Context
SK Hynix shares surged to an intraday high of 1 million won on February 24, 2026, marking its historic entry into South Korea’s "emperor stock" club of seven-figure shares. The milestone follows a wave of price target upgrades from major brokerages, with analysts now forecasting valuations as high as 1.45 million won. This momentum is backed by the company’s record-breaking 2025 financial results, which saw operating profits reach 47.2 trillion won, allowing SK Hynix to overtake Samsung in annual operating income for the first time in history.
The rapid valuation growth underscores SK Hynix's critical role as the primary HBM supplier for NVIDIA’s AI accelerators. The company currently controls over 50% of the global HBM market and has already sold out its entire memory production capacity for 2026. With global AI infrastructure spending projected to hit $650 billion this year, the firm is scaling capital expenditure to address a severe supply shortage of the high-performance memory essential for training and running next-generation AI models.
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