Samsung Electronics gains 3%, SK Hynix 4% in premarket trading as U.S. chip stocks rally

Samsung Electronics and SK Hynix climbed in premarket trading on the 7th as a rally in U.S. semiconductor stocks spread to South Korean shares.

At 8:01 a.m., Samsung Electronics was up 9,000 won, or 3.52%, at 264,500 won. SK Hynix had gained 73,000 won, or 4.43%, to 1.72 million won.

The gains followed strength in semiconductor stocks on the New York market on the 4th. The three major U.S. indexes all fell, but chip companies rose on expectations for artificial intelligence demand. SK Hynix's American depositary receipt surged 8.14%, while Micron advanced 6.10%.

The article linked the move to expectations that the strong performance of OpenAI's Astra could improve the efficiency of AI infrastructure investment and increase future demand for memory chips. Sandisk jumped 11.90% after Bernstein raised its price target to $1,250, citing higher NAND prices.