Posted 3/21/2024, 6:04:00 AM
Samsung, SK Hynix Shares Rally on AI Chip Optimism
- Samsung, SK Hynix rally on Thursday amid growing optimism over AI industry demand
- Companies seen benefitting from partnerships and demand related to Nvidia's new AI chips
- Samsung developing high-bandwidth memory (HBM) chips for AI; SK Hynix currently only producer of next-gen HBM3E chips
- Strong Micron earnings, citing AI demand, also buoy Samsung and SK Hynix
- Samsung and SK Hynix top boosts to South Korea's benchmark index, hitting multi-month highs