AI Data Centers Drive SK Hynix Surge Amid Apple Margin Pressure

SK Hynix shares rose by 7% due to a shift in demand for memory capacity, driven by AI data centers pulling away from smartphones. This change has boosted demand for high-bandwidth memory chips.

This increase in demand comes at the cost of Apple, whose stock fell by 1%. The company's margins are being squeezed by rising memory costs, with limited supplier options contributing to this issue.

Micron and other memory suppliers showed modest gains amid this shift. The memory shortage is expected to persist beyond 2027, keeping prices elevated until new capacity arrives.