Chip Stocks Climb Premarket After SK Hynix Earnings Report
SK Hynix said third-quarter net profit more than tripled and plans to return $75 billion to shareholders, lifting chip stocks before the open.
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what happened
According to the Wall Street Journal, SK Hynix's net profit more than tripled in the third quarter. The world's second-largest memory chipmaker said shortages of its products will persist for years. In the words of Joon Deok Park, head of DRAM marketing at SK Hynix, DRAM and high-bandwidth memory supply through 2029 is 'effectively sold out.' The company's shares ended 10% higher in Seoul.
In early trading, SK Hynix's American depositary receipts rose almost 8% and Samsung stock gained 9%. U.S. chip names Micron Technology and Sandisk added over 4% premarket, while Intel rose 2% and Nvidia 1%.
why it matters
The move matters for the whole semiconductor sector because memory chips are a key input for AI servers, so sustained shortages support revenue expectations across the industry. The reaction suggests investors are carrying the optimism from SK Hynix's report over to other chipmakers.
market impact
Chips: strong SK Hynix results and memory shortage support semiconductor shares
- Micron pressure up — tight memory supply supports revenue expectations
- Samsung pressure up — strength in memory lifts sector sentiment
tags
instruments
sources
- SK Hynix Drives Chip Stocks Higher Premarket — WSJ, 28 October 2026 at 11:52 UTC
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