SK Hynix Rises 2.4% After Altman’s Korea Visit on HBM Supply, AI Infrastructure Talks
Summary
- SK Hynix shares rose 2.4% after Sam Altman’s visit to South Korea, with HBM supply and AI infrastructure cooperation talks drawing attention.
- SK Hynix said customer HBM supply requests are more than double its available supply, while Nomura and Rosenblatt maintained a positive outlook and buy rating.
- A report said SK Hynix may issue a special dividend of about $12 billion related to gains from its Kioxia investment, though no decision on the special dividend has been finalized.
Forecast Trend Report by Period
SK Hynix shares rose 2.4% after OpenAI Chief Executive Officer Sam Altman visited South Korea, as talks on high-bandwidth memory, or HBM, supply and cooperation on artificial intelligence infrastructure drew attention.
Walter Bloomberg reported on Nov. 2 that Altman met with SK Group executives to discuss HBM supply and issues related to building Stargate AI infrastructure.
SK Hynix said customer requests for HBM supply are currently more than double the volume it can provide.
Nomura maintained a positive outlook on SK Hynix. Rosenblatt also reaffirmed its buy rating, dismissing recent concerns about intensifying competition.
A separate report said SK Hynix may issue a special dividend of about $12 billion related to gains from its investment in Kioxia. A decision on the special dividend has not been finalized.
JH Kim
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