On August 17, SK hynix rose 3.25% overnight, trading at 171.97 USD/share, with turnover of $62.28 million. Storage concept stocks rallied broadly, with SanDisk up over 5% and Micron Technology up over 2%.

On the news front, SK hynix Chairman Choi Tae-won publicly stated that next year will see the most severe memory shortage, with all customers requesting nearly double their original supply volumes. The company announced plans to invest $720 billion to expand AI memory capacity in both South Korea and the United States, and has been actively scouting front-end wafer fab sites in the US. Additionally, SanDisk's investor day delivered long-term financial guidance far exceeding expectations, projecting mid-to-high double-digit revenue growth through fiscal years 2028-2030, further reinforcing market confidence in sustained AI-driven storage demand growth and amplifying sector-wide momentum.

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