Nvidia-SK hynix AI Deal Reshapes SKHY Stock Chart
Nvidia's massive $500B-plus AI infrastructure partnership has reshaped SK hynix Inc.'s stock chart, causing it to whip-saw. Despite strong AI memory demand and bullish chip-sector sentiment, the stock dropped nearly 10% on the news day.
However, reports of new long-term memory supply contracts with major U.S. tech giants signal that SK hynix is widening its customer base beyond a single flagship customer. The company is also restarting its second Dalian NAND fab to lift China output by about 50%, which has contributed to the stock's recent rally.
The market response backs up this trend, with the stock popping 3.2% on the Dalian expansion news and another 4.6% when talk surfaced of Temasek preparing to inject capital into SK hynix and Samsung.