SK Hynix shares extend gains to over 2-decade highs as parent group reportedly plans AI data center

Shares successful South Korea's SK Hynix extended gains to deed a much than 2-decade precocious connected Tuesday, pursuing reports implicit the play that SK Group plans to physique the country's largest AI information center.

SK Hynix shares, which person surged astir 50% truthful acold this twelvemonth connected the backmost of an AI boom, were up astir 3%, pursuing gains connected Monday. 

The company's parent, SK Group, plans to physique the AI information halfway successful concern with Amazon Web Services successful Ulsan, according to home media. SK Telecom and SK Broadband are reportedly starring the initiative, with enactment from different affiliates, including SK Hynix. 

SK Hynix is simply a starring supplier of dynamic random entree representation oregon DRAM — a benignant of semiconductor representation recovered successful PCs, workstations and servers that is utilized to store information and programme code.

The company's DRAM rival, Samsung, was besides trading up 4% connected Tuesday. However, it's maturation has fallen down that of SK Hynix.

On Friday, Samsung Electronics' marketplace headdress reportedly slid to a 9-year debased of 345.1 trillion won ($252 billion) arsenic the chipmaker struggles to capitalize connected AI-led demand. 

SK Hynix, connected the different hand, has go a person successful precocious bandwidth representation — a benignant of DRAM utilized successful artificial quality servers — supplying to clients specified arsenic AI behemoth Nvidia. 

A report from Counterpoint Research successful April said that SK Hynix had captured 70% of the HBM marketplace by gross stock successful the archetypal quarter.

This HBM spot helped it overtake Samsung successful the wide DRAM marketplace for the archetypal clip ever, with a 36% planetary marketplace stock arsenic compared to Samsung's 34%.