Gate News message, April 27 — SK Hynix, a South Korean memory chipmaker and major Nvidia supplier, saw its shares jump more than 7% to an all-time high on April 27, driven by renewed investor optimism over AI chip demand following Intel’s latest earnings report.
The company’s quarterly operating profit surged five-fold, buoyed by strong demand for High Bandwidth Memory (HBM) chips used in AI applications. SK Hynix reported that orders for the next three years already exceed its production capacity. The HBM market is projected to expand from $3.9 billion in 2024 to $15.8 billion by 2030. Additionally, contract prices for Dynamic Random-Access Memory (DRAM) chips rose nearly 83% in the first quarter.
Samsung Electronics, SK Hynix’s South Korean rival, gained 2.5% as investors also factored in a potential strike by unionized workers in May. A production halt at Samsung could tighten the already supply-constrained memory chip market, potentially supporting elevated prices for competitors like SK Hynix.
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