Storage shares continued to rally in overnight trading. SK Hynix up over 7%; SanDisk, DRAM, Micron up around 4%.
At its earnings briefing, SK Hynix said DRAM and high-bandwidth memory (HBM) capacity for the next three years through 2029 is largely sold out, and its long-term sales outlook has significantly improved.
The company completed sample shipments of next-generation HBM4E in Q2, and HBM4 development and qualification are progressing in line with customer timelines.
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