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SK Hynix's strong earnings spark AI chip stocks rally amid market skepticism

Company Fundamentals
29 Oct 2026, 02:00 WIB
CNBC
View Source
Bullish
SK Hynix's strong earnings spark AI chip stocks rally amid market skepticism

SK Hynix reported better-than-expected earnings, pushing its shares up over 13% and lifting other AI chip stocks like Micron and AMD. The company’s strong revenue, high gross margins, and optimistic shipment growth outlook highlight sustained demand for AI memory chips. SK Hynix’s confidence in long-term customer agreements and plans for production expansion signal robust market conditions through 2029. This performance offers a positive outlook for similar companies, including Micron, which also trades at low valuations and may boost shareholder returns soon.

SK Hynix shows a market cap of $713.64 billion and a dividend yield of 0.08% on Pluang as of Oct 29, 2026 06:11 WIB, with its price up 10.15% in one day. Micron Technology, also mentioned in the news, holds a market cap of $1.05 trillion and a dividend yield of 0.06%, with a 3.78% price increase on the same day. Pluang users show a buying preference for SK Hynix at 62% buy orders, contrasting with Micron's 68% sell orders, reflecting differing investor sentiment toward these AI chip stocks.

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