With Memory chips (DRAM) up 3.3%, this looks like a sector-led move rather than a company-specific surprise.
The memory chip sector is trading higher, driven by reports that major producers Samsung and SK Hynix are upgrading their facilities in China to manufacture more advanced memory chips. [11, 17] This move aims to meet the surging demand from AI data centers and to stay ahead of growing competition. [4, 20] This news reinforces a strong market narrative around the long-term growth driven by artificial intelligence, leading to a recovery in chip stocks after a recent sell-off. [2, 5, 25] Positive sentiment was also supported by pre-market gains and ongoing discussions about tightening memory supply through 2028. [8, 10]