SK hynix shares climbed past the 1.3 million won mark during trading, setting another all-time high as expectations grew for stronger demand for high-bandwidth memory, or HBM, driven by expanding artificial intelligence chip demand.
According to the Korea Exchange, SK hynix was trading at 1,312,000 won as of 1:01 p.m., up 90,000 won, or 7.36%, from the previous session. Its market capitalization also expanded to about 935 trillion won, increasing its influence in the local stock market.
Analysts cited expectations of rising HBM demand as AI server investment increases. With global big tech companies led by Nvidia continuing to invest in AI infrastructure, SK hynix is seen as a key beneficiary given its leading position in the HBM market.
Samsung Electronics also rose, gaining 5,750 won, or 2.62%, to 225,250 won at the same time. The broader group of heavyweight chip stocks was moving higher, with Samsung’s market capitalization at about 1,316 trillion won.
Investor sentiment was also supported by gains in the semiconductor sector on Wall Street in the final trading session last week. The Philadelphia Semiconductor Index jumped 4.32% on April 24 local time, reflecting expectations of stronger central processing unit demand tied to wider AI adoption and a first-quarter earnings report from Intel that beat market expectations.
* This article has been translated by AI.
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