SK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers


FILE PHOTO: The SK hynix logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

SEOUL, ⁠May 4 (Reuters) - Shares ⁠of SK Hynix ‌extended gains to 12% on Monday, driven ​by foreign buying, ⁠after big ⁠U.S. tech firms last ⁠week ‌reported robust earnings ⁠and reaffirmed their investment ​plans ‌for artificial intelligence data ⁠centers.

SK ​Hynix outperformed bigger rival Samsung ⁠Electronics, which has ​been weighed down by the risk ⁠of a potential strike by unionised workers demanding a ​bigger ⁠share of the company's ​AI-driven ‌profits.

(Reporting by Hyunjoo ​Jin; Editing by Himani Sarkar)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read