🟢 SK Hynix is trading 5.42% up today on AI-driven memory demand outlook

SK Hynix is trading 5.42% up now at €1070.00 after optimism spread across memory-chip stocks.

• SanDisk’s August 13 Investor Day projected approximately 80% long-term gross margins and strong customer commitments, reinforcing expectations for sustained AI-driven memory demand. Reuters reported SanDisk expects adjusted gross margins near 80% through fiscal 2030.
• The move appears sector-driven, with memory peers also rallying on stronger pricing and supply-tightness expectations.