SK Hynix shares hit their first-ever daily price limit with a nearly 30% surge, while the U.S.-listed ADR gained after hours.
SK Hynix hit its first-ever daily limit (+29.95%) on AI memory boom and cloud earnings from Amazon and Microsoft. Record 76% margins and tight supply through 2028 support AI capex decisions amid Chinese competition and pricing pressure.
SK Hynix Inc.
(NASDAQ:SKHY) has hit its first-ever intraday limit, surging 29.95% to 1.718 million won on Friday.
The U.S.-listed American depositary receipts climbed 3.29% during the after-hours trading session on the NASDAQ.
The stock opened 28.37% higher at 1.697 million won and continued climbing to the Korean stock market's 30% daily price limit.
South Korea caps daily stock price moves at 30% up or down, a limit that was raised from 15% in June 2015.
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