On July 20, SK Hynix rose 3.29% in pre-market trading, trading at approximately $159.0/share, with turnover of $22.72 million. The rebound follows a sharp sell-off earlier in the week when shares plunged over 13%.

On the news front, SK Group Chairman Choi Tae-won publicly stated that global AI chip demand next year is expected to surge 60%-100% compared to this year, with memory demand growth of 50%-60%. He emphasized that the supply side has virtually no substantial expansion plans, meaning the supply-demand gap will continue to widen to what he characterized as a panic-level global supply scramble, with memory prices facing further upward pressure. Additionally, Choi revealed that SK Hynix is scouting chip factory locations in the United States to boost supply capacity and moderate pricing pressures.

The broader storage sector staged a strong rebound, with leveraged products tracking Samsung and SK Hynix surging over 18%, while peers including Micron Technology gained nearly 3% in overnight trading. The rally comes as the stock recovers from pressure caused by the Bank of Korea's rate hike and tightened leveraged ETF regulations announced earlier in the week. SK Hynix's next earnings report is scheduled for July 29.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)