Market Chatter: High-Bandwidth Memory-Linked Stocks in South Korea Surge After Nvidia Rally

MT Newswires Live

2024/09/13

Stocks related to high-bandwidth memory (HBM) in South Korea soared Thursday morning following Nvidia's 8.15% overnight jump, Pulse News reported the same day.

Shares of SK Hynix (KRX:000660), a key HBM supplier to Nvidia, rose 6.11%, while equipment provider Hanmi Semiconductor (KRX:042700) gained 4.78% Thursday morning, it said.

Nvidia's surge followed after CEO Jensen Huang highlighted strong AI demand and promising returns on investment, the report said.

Shares of SK Hynix fell over 2% in recent trade on Friday while those of Hanmi Semiconductor declined 1%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. 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