Shares of Samsung Electronics and SK Hynix surged after partnering with OpenAI for the Stargate initiative. Samsung hit its highest since January 2021, up over 4%, while SK Hynix surged more than 9% to its highest since 2000. The partnership aims to increase advanced memory chip supply for next-gen AI. OpenAI CEO met with South Korean leaders and chipmakers to scale up production of critical AI memory chips. SK Hynix is ready to mass-produce next-gen HBM4 chips, cementing its leading position in the AI value chain. These chips are crucial for Nvidia’s next-gen AI chip for global data centers. SK Hynix is a main chip supplier to Nvidia, while Samsung is working to get its HBM4 chips certified by Nvidia.

Read more at CNBC: SK Hynix shares hit multidecade highs, Samsung also surges as chipmakers partner with OpenAI