SK Hynix and Samsung Shares Rise Over 20% Amid AI Sector Rally
South Korean chipmakers SK Hynix and Samsung Electronics saw their shares surge more than 20% on Friday, following a strong rebound in U.S. tech stocks driven by positive earnings from Amazon and Microsoft. The rally was fueled by the iShares Semiconductor ETF (SOXX) rising over 8%, as investors regained confidence in AI-related chipmakers after better-than-expected cloud revenue reports from both companies reinforced optimism about continued spending on AI infrastructure. This marked a reversal of recent losses, where semiconductor stocks had been hit due to concerns around high valuations and growing competition from Chinese memory manufacturers.
Tickers: $AMZN $MSFT $SKHYV $SOXX
Topics: AI spending earnings impact semiconductors tech stocks