cnbc_topnews

SK Hynix shares surge 25%, while Samsung soars over 20% as AI rally roars back

📰 source: cnbc_topnews · 💼 business

sk hynix shares surged 25% on friday in seoul, putting them on course for the best day on record. samsung jumped over 20%. lg innotek advanced 11.2% and seoul semiconductor rose 7.8%, tracking a sharp rally in us tech stocks after amazon and microsoft reported strong cloud earnings.

japanese chip stocks also rallied hard. advancest climbed nearly 18%, tokyo electron gained about 9%, disco rose over 13%, lasertec added more than 12%, and renesas electronics finished up over 10%. softbank group, an ai proxy through its arm stake, jumped over 9%. the move reversed a bruising sell-off this week, when semiconductor stocks were hit by ai valuation fears and competition concerns from chinese memory chipmakers.

the ishares semiconductor etf (soxx) surged more than 8% overnight. amazon rose 9% in extended trading after beating q2 revenue estimates on cloud strength. microsoft had rallied 16% on thursday after azure growth beat expectations. andrew jackson of ortus advisors said the results "sparked a huge rebound for risk-on and ai," noting investors were reassured because azure beat while capital spending stayed "in check."

why it matters: ai spending confidence is back after cloud earnings beat, driving a sharp rebound in chip stocks across asia and the us.

source: cnbc_topnews
sentiment: +0.80 · impact: 0.80

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

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