AI Hopes Propel SK Hynix as Samsung Seen to Have ‘Fallen Behind’
- SK Hynix climbs as much as 9.7%, the most since March 2020
- ‘No room for doubt’ that SK Hynix is AI memory leader: CLSA
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SK Hynix Inc. jumped by the most in over three years Thursday, extending its huge 2023 lead over Samsung Electronics Co. as artificial intelligence becomes the dominant theme for investors in Korean memory-chip stocks.
Shares of SK Hynix closed 9.7% higher in Seoul, the most since March 2020, as excitement continues to build over its high-bandwidth memory chips, which it supplies to leading AI processor maker Nvidia Corp. Samsung ended 2.7% higher after it reported earnings and said it is planning to launch a new HBM chip later this year.