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SK Hynix's S Korea Stock Price Soars 7.7% on Potential Memory Supply to Microsoft's Latest Chip
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SK Hynix's stock price in South Korea mushroomed 7.7% today, recovering from previous plunges caused by US President Donald Trump's tariff threats, foreign media reported. The company's stock price has been consistently elevating so far this year, continuing the AI-fueled rally, with its market cap nearing USD400 billion. Microsoft (MSFT.US) recently presented the Maia 200 chip, which will use six units of SK Hynix’s HBM3E. An SK Hynix spokesperson responded that they cannot confirm or disclose any information related to customers. Besides, Citi largely raised SK Hynix's target price by 56% to KRW1.4 million, marking the highest target price in the market, while keeping a Buy rating and initiating a 30-day upside catalyst watch on the stock. AASTOCKS Financial News Website: www.aastocks.com |
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