The market capitalization of Samsung Electronics' ordinary shares surpassed $1 trillion on Wednesday morning, making it the second Asian company after Taiwan Semiconductor Manufacturing Company (TSMC) to reach this milestone.
The market capitalization of shares in Samsung Electronics, the world's largest memory chip maker, reached 1,500 trillion won ($1.03 trillion) during Wednesday's trading in Seoul, following sharp gains in shares of artificial intelligence-related companies in the United States overnight.
Shares of the South Korean electronics giant jumped 13 percent in Seoul, while the benchmark Kospi index climbed 7 percent to a new record high.
Shares of SK Hynix, a major computer chip producer, also rose by about 10 percent in early trading on Wednesday.
South Korean markets were closed on Tuesday due to a public holiday.
Most other Asian markets also saw gains in stocks.
On Wall Street, stock prices rose to record highs on Tuesday, as oil prices fell and companies continued to report earnings that exceeded analysts' expectations.
The S&P 500 rose 0.8 percent, surpassing its previous record high set at the end of last week. The Dow Jones Industrial Average added 356 points, or 0.7 percent, while the tech-heavy Nasdaq Composite hit a new record high after rising 1 percent.
