SK Hynix surged 7% after reporting a record quarter driven by strong AI memory demand and warning that shortages could last through 2030. Micron also rose 3% on similar market dynamics. In contrast, Seagate fell 2% despite beating revenue and earnings estimates, raising dividends, and providing upbeat guidance, as concerns about slowing margin growth and increased competition from Toshiba's expanded production weighed on its stock. The split highlights diverging investor sentiment between memory chipmakers benefiting from AI demand and hard drive makers facing supply and margin pressures.
Following the news of SK Hynix's strong quarter and AI-driven memory demand, SKHY shares jumped 7.02% to USD 155.65 on Pluang as of Oct 28, 2026 20:03 WIB. Micron also gained 3.14%, trading at USD 957.91, while Seagate's stock slipped 2.97% to USD 648.00 despite positive guidance. Investor activity on Pluang shows SKHY with 71% sell orders, Micron with 76% sell, and Seagate favored by buyers at 91%.
SK hynix reported a record Q3 revenue of $78.9 billion, up 328% year-over-year, driven by strong demand for high-bandwidth memory (HBM) used in AI infrastructure. The company has secured HBM supply contracts through 2029, supporting pricing power ami...
SK hynix reported impressive Q3 results, exceeding revenue expectations by 6% and operating income by 8%, with a 32% quarter-on-quarter and 328% year-on-year revenue increase. The company achieved a record-high EBITDA margin of 84%, driven by supply ...
SK Hynix reported a 632% jump in operating profit to about $62 billion, driven by strong AI-related demand and long-term agreements covering over half its 2027-2028 capacity. Revenue for a single quarter surpassed the previous year's total, with DRAM...
SK Hynix reported a 31.9% rise in Q3 revenue and a 37.6% increase in operating profit, beating analyst expectations. Strong demand for memory chips is evident as DRAM and NAND prices rose over 20% quarter-on-quarter, with Q4 guidance indicating furth...
SK Hynix reported a record 632% increase in operating profit for Q3 2026, driving its shares up 8% premarket. The company also announced a $45 billion shareholder return plan, boosting investor confidence. This surge positively influenced other memor...
