◆ NeutralSKHY
Why SK Hynix Stock Skyrocketed This Week
The Motley Fool·
SK Hynix stock surged 20.6% this week, significantly outperforming the S&P 500 (+1.2%) and Nasdaq (+1.7%). The rally was driven by news that Singapore's Temasek sovereign wealth fund will invest in SK Hynix and Samsung, along with a positive Counterpoint Research report showing SK Hynix gaining market share in the NAND memory market at 22% (vs Samsung's 25%) while benefiting from Samsung's supply constraints.
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