finance.yahoo.com

SK Hynix Rises After OpenAI Outlook Boosts AI Memory Demand

SK Hynix logoSK Hynix
Sig2.45Sen+4.60Env0.00Soc0.00Gov0.00

SK Hynix shares climbed nearly 5% after OpenAI forecast continued growth in advanced-memory requirements. OpenAI has signed letters of intent with SK Hynix and Samsung for memory supply to Stargate infrastructure, with discussions envisioning up to 900,000 DRAM wafer starts per month. The article cites strong 2Q revenue and operating profit and notes valuation depends on durable, contracted sales.

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