Stock Track | XL2CSOPHYNIX Soars 5.88% Intraday on Storage Chip Super Cycle and iHBM Technology Launch

Stock Track

05/29

XL2CSOPHYNIX surged 5.88% during intraday trading on Friday, continuing its upward momentum in the market.

The leveraged ETF's rise is fueled by the global storage chip super cycle and positive developments from SK Hynix, including the launch of its innovative iHBM cooling solution. This technology integrates a silicon-based cooling element directly into the HBM package, reducing thermal resistance by over 30% and is planned for deployment in HBM5 and next-generation products targeting AI data centers and high-performance computing.

The movement coincides with SK Hynix's market capitalization surpassing the one-trillion-dollar mark, while Micron Technology also achieved this milestone after UBS raised its target price. Analyst sentiment remains bullish, with Goldman Sachs raising its KOSPI target citing surging semiconductor earnings, and CITIC Securities noting constrained capacity through late 2027 that supports prolonged high profitability for memory makers.

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