SEOUL, April 27 (Reuters) – Shares in Nvidia’s chip supplier SK Hynix rallied more than 7% to a record high on Monday, after U.S. chipmaker Intel’s earnings results rekindled expectations of artificial intelligence demand. The South Korean company outperformed its rival Samsung Electronics, whose shares rose 2.5% as it braces for a potential strike by […]
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SK Hynix shares rally 7% to a record high, beating Samsung’s 2.5% gain
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SEOUL, April 27 (Reuters) – Shares in Nvidia’s chip supplier SK Hynix rallied more than 7% to a record high on Monday, after U.S. chipmaker Intel’s earnings results rekindled expectations of artificial intelligence demand.
The South Korean company outperformed its rival Samsung Electronics, whose shares rose 2.5% as it braces for a potential strike by unionised workers in South Korea in May.
(Reporting by Hyunjoo JinEditing by Ed Davies)