Nvidia becomes first $4 trn company, fuels gains for SK Hynix, TSMC

Nvidia becomes first $4 trn company, fuels gains for SK Hynix, TSMC

최초입력 2025.07.11 11:00:42

(Yonhap)

U.S. chipmaker Nvidia Corp made history on Thursday by becoming the first company in the world to reach a market cap of $4 trillion, thanks to the explosive demand for its artificial intelligence chips. The milestone has sent ripples across global semiconductor markets, with key partners SK hynix Inc. and Taiwan Semiconductor Manufacturing Co. (TSMC) also experiencing strong stock rallies and performance gains.
Nvidia posted $44.1 billion in sales in the first quarter of 2025 alone, a 69 percent year-on-year increase. Its net income exceeded $14 billion, crushing market expectations and bullish forecasts from Wall Street are gaining traction as a result. Investment bank Wedbush Securities Inc. projected that Nvidia could reach a market value of $5 trillion in the next 18 months, with a longer-term target of $6 trillion.
Nvidia’s momentum is expected to continue into the second half of 2025 with the mass production of its next-generation AI GPU, Blackwell, already adopted by major tech giants including Microsoft Corp. and OpenAI, according to the Financial Times, which noted that Nvidia’s technological dominance has sparked overwhelming demand and ongoing supply shortages.
According to a Bloomberg consensus, Nvidia is projected to hit $200.5 billion in annual revenue this year, up 53.7 percent year-on-year, with operating profit rising 54.2 percent to $125.6 billion. Demand for Nvidia‘s flagship Blackwell B200 GPU is so strong, it is outpacing supply, according to reports from investment bank Wedbush reports.
The Financial Times analyzed that “Major big tech companies such as Microsoft, Google, and OpenAI have adopted Blackwell,” adding to “NVIDIA’s technological superiority is driving demand, resulting in a supply shortage.” According to analyst consensus compiled by Bloomberg, NVIDIA’s annual sales this year are expected to increase 53.7% year-on-year to $200.5 billion, and operating profit is expected to increase 54.2% to $125.6 billion.
“Even amid the market volatility, Nvidia has demonstrated remarkable resilience. Investor momentum is clearly shifting toward Nvidia as a key AI growth leader,” LS Securities Co. analyst Hwang San-hae said.
SK hynix, one of Nvidia’s critical partners, is also riding this wave. After the news of Nvidia’s $4 trillion valuation broke, SK hynix stock surged 5.69 percent to 297,000 won per share to set a new record. Its market cap now stands at 216 trillion won.
Analysts expect SK hynix to post operating profits of 9 trillion won in its second quarter earnings, bolstered by strong demand for its high-performance HBM products. SK hynix’s HBM3E is the leading memory solution for Nvidia’s Hopper and Blackwell microarchitecture, significantly boosting both sales and margins.
Memory companies are going all-in on HBM. The price of DDR4 is rising as Samsung Electronics, SK Hynix, and others announced that they would stop producing DDR4 and focus on producing DDR5, causing a strange phenomenon.
The stock price of TSMC, the world’s largest foundry that produces AI semiconductors for Nvidia, also rose 1.75% on the day, approaching a record. TSMC has been increasing its market share by receiving orders for all cutting-edge semiconductors from major fabless companies such as Apple and Qualcomm and has maintained an overwhelming market share of 67% in 2025 by producing AI semiconductors for Nvidia. TSMC posted its highest quarterly sales ever, announcing that its sales for April to June 2025 were NT$933.8 billion (about KRW 43.8 trillion). This is a 38.6% increase compared to the same period during the previous year, exceeding Bloomberg’s forecast of NT$928 billion.
Samsung Electronics’ top priority is to break the Nvidia-SK hynix-TSMC semiconductor alliance and enter the supply chain. This is because Samsung Electronics is the only one of the three major memory companies that has not been able to supply the latest HBM to Nvidia since HBM3E. A semiconductor industry insider explained, “The current semiconductor market’s focus has completely shifted to AI accelerators and server semiconductors,” adding, “This is not a temporary trend, the semiconductor market has completely changed.”
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Nvidia becomes first $4 trn company, fuels gains for SK Hynix, TSMC

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