RAM’s main supplier Nvidia was worth a trillion dollars on Wall Street

As the AI ​​boom increases the demand for RAM, SK Hynix – one of the world’s largest suppliers of memory chips – launched on Wall Street Friday. The South Korean chip maker opened at $170 per share and raised $26.5 billion, surpassing Alibaba’s record as the largest foreign company. according to reports from Associated Press and CNN.

After to a value of $1 trillion in May, SK Hynix came up short Samsung as the most important company in South Korea. SK Hynix is one of the three largest companies benefiting from the increased demand for DRAM and high bandwidth memory (HBM). These devices have become essential in the widespread construction of AI data centers, as technology giants such as OpenAI, Microsoft, and Google use DRAM to enable servers to run their own AI models, while HBM comes embedded in high-end AI chips like Nvidia’s Blackwell Ultra.

By June 2026, SK Hynix will account for 29 percent of the global DRAM market, with Samsung at 38 percent and Micron at 22 percent, according to to data from Counterpoint. The three giants are still unable to meet the demands of memory as they continue prioritize high-paying AI customers on equipment manufacturers which require mobile chipscomputers, consoles, and more. SK Group Chairman Chey Tae-won said in June that the company plans to expand its memory capacity over the next five years to meet the potential problem of 2030. Bloomberg reports.