Quick Read – SK Hynix jumped 5%, AMD gained 4%, and INTC added 2% in a risk-on rebound after Intel shares had fallen 22% over the past month. – The SOXX ETF climbed 3% and the KORU ETF rose 5% as the KOSPI, which is down 25% from its June peak, hit a two-year high correlation…
th the NASDAQ 100. – CEO Lisa Su guided AMD’s Q2 revenue to $11.2 billion, representing 46% growth, but the stock’s 209% run over the past year raises valuation risk. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today
Shares of SK Hynix (NASDAQ:SKHY) are up 5% to $161.42 in Monday’s early trading, leading a broad rebound across global chip stocks. Advanced Micro Devices (NASDAQ:AMD) stock is up 3% to $514, Intel (NASDAQ:INTC) stock 2% higher at $97.25, and NVIDIA (NASDAQ:NVDA) stock is up 2% to $206. The bounce follows a brutal stretch for the AI trade, with Intel stock ending Friday down 22% over the past month.
Chip buyers have been forced to reprice AI hardware exposure, and this morning’s moves look more like a technical rebound than a fresh leg higher. There’s no single new catalyst driving the tape, but Korea is doing much of the work as a global swing factor. Korea Emerges as the Swing Factor for AI Chips It seems that Korea’s KOSPI has become a gauge of global AI and semiconductor sentiment.