SK Hynix shares rose 2.4% after OpenAI CEO Sam Altman reportedly visited South Korea to discuss HBM supply and the Stargate AI infrastructure with SK Group executives.
SK Hynix stated that customer demand for its high-bandwidth memory (HBM) is more than double its current supply. Nomura maintained a bullish stance, and Rosenblatt reiterated a "Buy" rating, dismissing recent concerns about competition. Additionally, there are reports that SK Hynix may distribute a $12 billion special dividend related to gains from its Kioxia investment.
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SK Hynix shares rose 2.4% after OpenAI CEO visited South Korea to discuss HBM supply and AI infrastructure.
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