SK Hynix stock rallies alongside memory chips on Sandisk's bullish outlook and strong AI demand. See key analyst targets.
SK Hynix jumped 8.13% Thursday as SanDisk's 80% margin guidance sparked memory sector rally on AI and cloud demand. Memory scarcity and pricing power ahead require IT managers to lock capex for memory and adapt architecture for component constraints.
SK Hynix Inc.
(NASDAQ:SKHY) stock rose Thursday, joining a broad rally in memory and storage stocks after Sandisk Corp.
(NASDAQ:SNDK) unveiled a bullish multiyear financial outlook at its investor day.
The Nasdaq gained 1.31%, while the S&P 500 rose 0.64%.
According to Benzinga Pro, memory-related chip stocks extended this week's gains as strong earnings across the AI, cloud and server sectors reinforced expectations for robust memory demand.
SK hynix (SKHY) stock jumps 6%+ in U.S. premarket as investors rally behind its massive Nasdaq debut and AI memory leadership.
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