2 weeks ago
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Hyunjoo Jin
Mon, May 4, 2026 astatine 1:14 AM CDT 1 min read
By Hyunjoo Jin
SEOUL, May 4 (Reuters) - Shares of SK Hynix surged 13% to a grounds precocious connected Monday, driven by overseas buying, aft immoderate large U.S. tech firms last week hiked their concern plans for artificial quality information centres.
The South Korean chipmaker outperformed bigger rival Samsung Electronics, which has been weighed down by the hazard of a imaginable onslaught by unionised workers demanding a bigger stock of the company's AI-driven profits.
SK Hynix shares closed up 12.52% to a grounds high of 1,447,000 won ($985.29) per share, outstripping Samsung Electronics' 5.44% summation and the wider market's 5.1% rise.
The Bank of Korea's elder lawman politician Ryoo Sang-dai raised expectations that the existent spot marketplace roar would past longer than it did in erstwhile cycles, echoing forecasts made by Samsung Electronics and SK Hynix during their net league calls past month.
All 4 of the U.S. tech giants including Alphabet, which reported results connected Wednesday, signalled that spending connected AI would not dilatory down, with combined outlays acceptable to surpass $700 cardinal this year, up from astir $600 cardinal previously.
In particular, Microsoft and Meta unveiled higher-than-expected capital expenditure plans for this year, partially because of surging representation chip prices, portion expressing assurance successful those investments.
"I think everybody knows that the outgo of these components, particularly memory, has skyrocketed. We are conscionable successful a signifier wherever there's conscionable not capable capableness for the magnitude of demand," Amazon said on an net league telephone past week.
($1 = 1,468.6000 won)
(Reporting by Hyunjoo Jin, Additional reporting by Jihoon Lee; Editing by Himani Sarkar and Ed Davies)
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