Memory chip stocks rally! SK Hynix hits record high on U.S. market; Goldman Sachs declares the worst is over

A research report from Goldman Sachs ignited the memory chip sector, sending SK Hynix’s U.S.-listed shares surging 7% in a single day to hit a record high. Micron and SanDisk also rose in tandem, outperforming the broader market. Goldman Sachs noted that a technical breakout in the memory sector, combined with low hedge fund positioning, has shifted the "pain trade" direction upward. However, Kioxia’s CEO dampened enthusiasm on the same day, stating outright that NAND prices have risen enough. Amid this tug-of-war between bulls and bears, Micron’s earnings report scheduled for September 30 will serve as a key arbiter.

wallstreetcn53minutes ago

Apple Unveils First Foldable iPhone, 'Duo'

[Apple] On the 9th, U.S. company Apple held its most important new-product launch event in recent years. The occasion marked the unveiling of an entirely new smartphone, the "iPhone," as well as the

Fisco Japan05:39

SK Hynix Could Rally 88% More, And Micron Investors Are Paying Attention

A stock up more than 500% in twelve months is not usually where analysts go hunting for value. Mirae Asset Securities went anyway. The Korean brokerage raised its target price on SK Hynix Inc. (

Benzinga00:21

Why Is SK Hynix Stock Surging on Wednesday?

SK Hynix Inc. (NASDAQ:SKHY) stock experienced upward momentum on Wednesday, propelled by a sector-wide rally in artificial intelligence memory chipmakers. Increasing AI demand continues to tighten

BenzingaSep 9 23:53

S&P anticipates that SK Hynix will launch another share buyback program of up to KRW 40 trillion in the fourth quarter. Combined with substantial dividends, this provides fresh catalysts for the "Korea Value-up" market rally.

S&P Global Market Intelligence forecasts that SK Hynix is likely to announce a new share buyback plan ranging from KRW 20 trillion to KRW 40 trillion in the fourth quarter of this year. Buoyed by this news, its ADRs surged more than 6% on Tuesday, while its shares listed in South Korea rose by as much as 5% on Wednesday. S&P noted that, together with Samsung Electronics' cancellation of treasury shares and massive dividend payouts, these two giants are poised to set new benchmarks for corporate governance in the South Korean capital market, helping to resolve the long-standing "Korea discount" dilemma.

wallstreetcnSep 9 21:43

OpenAI advances its in-house AI chip development! Expanded collaboration with Samsung may extend from HBM to foundry services.

The General Manager of OpenAI Korea stated that the company has made significant progress in the joint production and research of next-generation chips with Samsung Electronics. The collaboration between the two parties has expanded from the supply of HBM4 memory to exploring foundry and packaging services. Furthermore, the number of corporate users of ChatGPT Enterprise in South Korea has surged 28-fold over the past year, making Samsung one of its largest corporate deployments globally.

wallstreetcnSep 9 20:38