Shares of memory and AI-related stocks rebounded premarket on Tuesday from Monday’s sell-off after Asian peers SK hynix (SKHY) (HXSCL) and Samsung Electronics (SSNLF) showed recovery.
However, the recovery was not without a fight
SK hynix fought off a massive morning To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.
Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Aggressive dip-buying in SK hynix and Samsung as well as stabilization in South Koreaâs Kospi Index contributed to a rebound; industry news like Samsung exploring American depositary receipts and reports of market share gains for Samsung and Apple also provided positive momentum. SK hynix surged after initial sell-off, Samsung climbed, Micron Technology rose, and competitors like Western Digital and Seagate also advanced, signaling broad strength among global memory chipmakers after volatility. Nvidia reduced the number of Asian customers for its AI chips via a new ‘white list’ for stricter compliance, suggesting tighter supply to China but helping shares stay positive amid renewed focus on regulatory issues