Samsung, SK Hynix Exceed Value of Chinese Duo as AI Boom Shifts

South Korea’s two most valuable companies eclipsed a duo of Chinese internet giants by market cap for the first time, underscoring how an evolving global artificial intelligence boom has reshaped the sector’s investment dynamics in Asia.

The combined valuation of Samsung Electronics Co. and SK Hynix Inc. reached $1.14 trillion on Tuesday, surpassing the combined tally of at $1.07 trillion for Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — the two biggest Chinese tech firms listed in Hong Kong.