SK Hynix shares jumped 13% in US trading, driven by a combination of robust demand outlook for AI memory chips and softer-than-expected US inflation data that bolstered risk sentiment across technology equities.
The rally extended to other South Korean semiconductor names, with Samsung Electronics rising nearly 8% as investors renewed their focus on companies positioned to benefit from the artificial intelligence infrastructure build-out.
5 billion and highlighting the premium placed on memory chipmakers critical to AI data centers.
The price action underscores the continued market appetite for AI beneficiaries, following a session where the S&P 500 closed higher on Friday, gaining 0.4% as Wall Street demonstrated sustained interest in the sector.
SK Hynix’s American depositary receipts, which made their US trading debut recently, have seen strong investor uptake, with the listing raising $26.5 billion and highlighting the premium placed on memory chipmakers critical to AI data centers.
The move comes as traders digest the latest macroeconomic signals, with softer inflation data reducing pressure on the Federal Reserve to maintain restrictive policy for longer.
This macro backdrop has provided tailwinds for growth stocks, particularly those with clear exposure to the AI capital expenditure cycle.