SK Hynix stocks lengthen features to over 2-decade highs as mum or dad crew reportedly plans AI knowledge heart

Shares in South Korea’s SK Hynix prolonged features to hit a greater than 2-decade prime on Tuesday, following reviews over the weekend that SK Group plans to construct the rustic’s greatest AI knowledge heart.

SK Hynix stocks, that have surged nearly 50% thus far this 12 months at the again of an AI increase, have been up just about 3%, following features on Monday. 

The corporate’s mum or dad, SK Group, plans to construct the AI knowledge heart in partnership with Amazon Web Services in Ulsan, in step with home media. SK Telecom and SK Broadband are reportedly main the initiative, with improve from different associates, together with SK Hynix. 

SK Hynix is a number one provider of dynamic random get right of entry to reminiscence or DRAM — a kind of semiconductor reminiscence present in PCs, workstations and servers this is used to retailer knowledge and program code.

The corporate’s DRAM rival, Samsung, used to be additionally buying and selling up 4% on Tuesday. However, it is enlargement has fallen at the back of that of SK Hynix.

On Friday, Samsung Electronics’ marketplace cap reportedly slid to a 9-year low of 345.1 trillion received ($252 billion) because the chipmaker struggles to capitalize on AI-led call for. 

SK Hynix, however, has turn into a pace-setter in prime bandwidth reminiscence — a kind of DRAM utilized in synthetic intelligence servers — supplying to shoppers akin to AI behemoth Nvidia. 

A record from Counterpoint Research in April stated that SK Hynix had captured 70% of the HBM marketplace by means of income percentage within the first quarter.

This HBM power helped it overtake Samsung within the total DRAM marketplace for the primary time ever, with a 36% world marketplace percentage as in comparison to Samsung’s 34%.