SK Hynix shares jumped more than 9% on Thursday after the South Korean firm started mass production of the most advanced high-bandwidth memory (HBM) chips, pulling ahead in a race to meet demand from an artificial intelligence (AI) boom. Shares of the world's second-largest memory chipmaker outperformed its bigger rival Samsung Electronics, whose shares rose 4%, also boosted by the bullish outlook for AI demand from Micron overnight.
SK hynix Inc. (or 'the company', www.skhynix.com) announced today that it has begun mass production of the world's first 12-layer HBM3E product with 36GB[1], the largest capacity of existing HBM[2] to date.
(Bloomberg) -- South Korea’s financial watchdog is looking into Morgan Stanley’s order to sell SK Hynix Inc. shares before research analysts at the bank cut their recommendation on the stock, another sign of the country’s increased scrutiny of global banks and hedge funds.Most Read from BloombergThe Moonshot Plan to Eliminate Deaths on America’s RoadsUnlocking the Hidden Power of Zoning, for Good or BadAOC Proposes $30 Billion Social Housing AuthorityBelfast’s Grand Central Station Creates New E