On August 17, SK hynix rose 3.91% in pre-market trading, trading at $172.80/share, with turnover of $14.1 million. Storage concept stocks rallied broadly, with SanDisk up over 5%, Micron Technology up over 3%, and Intel up over 2%.

On the news front, SK hynix Chairman Choi Tae-won recently stated that next year will see the most severe memory shortage in recent years, with all customers demanding nearly double their previous supply volumes. The company announced plans to invest $720 billion to expand AI memory capacity in both Korea and the United States, and has been actively scouting front-end wafer fab sites in the US. Additionally, SanDisk's investor day long-term financial guidance significantly exceeded expectations, reinforcing market confidence in AI-driven sustained growth in storage demand and amplifying sector linkage effects.

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