SK Hynix Inc has seen a notable surge in its stock price following the announcement that it will be the exclusive supplier of advanced memory for Microsoft's latest AI chip. This development has significantly boosted investor confidence, and according to analysts cited in the report, the outlook is promising.
SK Hynix Shares Surge on Korea Exchange
Shares of SK Hynix closed 8.7% higher on the Korea Exchange, surpassing a market value of 400 billion won. The stock initially faced a decline earlier in the day due to tariff threats from US President Donald Trump, but quickly rebounded as the market reacted positively to the news of the partnership with Microsoft.
Partnership with Microsoft Enhances AI Applications
Each of Microsoft's Maia 200 accelerators is equipped with six units of SK Hynix's HBM3E memory, which plays a vital role in enhancing AI applications. Analysts are optimistic about SK Hynix's earnings, anticipating that they will meet expectations due to the increasing demand for high-bandwidth memory and the recovery of prices in the traditional memory chip market.
MediaTek recently achieved a record high in its stock price, rising 19% in just two days due to a partnership with Google in AI technology. This contrasts with SK Hynix's surge following its exclusive deal with Microsoft. For more details, see MediaTek's stock surge.
