SK hynix ADR Stock News

Samsung Electronics and SK Hynix recovered intraday on Thursday after opening lower, as Micron Technology's record results reinforced the view that the global memory shortage is becoming more severe rather than easing. Micron reported fiscal fourth-quarter revenue of $54.23 billion and guided for $61.5 billion next quarter, both ahead of expectations.

The Roundhill Memory ETF (DRAM) heads into the week with a big catalyst ahead: Micron's earnings. Micron is the fund's largest holding, and the report should show whether growth across the memory industry is holding up.

Samsung Electronics and SK Hynix stocks sank on Monday as foreign and institutional selling hit Seoul after the Chuseok break, turning a volatile reopening into a fresh test of the memory-chip rally. By 11:38 am in Seoul, Samsung was down 4.38% at 273,000 won and SK Hynix had fallen 4.78% to 1.773 million won.

SK Hynix's U.S. subsidiary could seek a valuation of as much as $150 billion, according to Reuters.

Chipmaker SK Hynix's Solidigm is considering an initial public offering as early as ‌next year that could value the US subsidiary at up to $150 billion, according to three people familiar with the matter.

Samsung Electronics and SK Hynix stocks rose again on Wednesday, but one of the forces supporting Korea's biggest chipmakers is rapidly approaching its end. The companies have spent more than 36 trillion won repurchasing their own shares, absorbing substantial selling pressure and helping support the wider KOSPI.

Memory stocks gained again on Tuesday as renewed optimism around artificial intelligence continued to provide a fresh tailwind for semiconductor shares, while a sharp decline in oil prices helped ease broader inflation concerns. Additionally, fresh bullish calls added to the optimism, even as some recent reports around OpenAI and Anthropic's plans seemed to have eased concerns over AI spending.

Micron stock and SK Hynix were reacting to news China's CXMT could expand into flash memory.