On August 17, SK hynix rose 4.71% in regular trading, trading at $172.72/share, with turnover of $463 million. The stock extended a multi-day rally as storage sector peers surged in tandem, with Sandisk up over 5% and Micron Technology up over 3%.

On the news front, SK hynix Chairman Chey Tae-won publicly stated that next year will see the most severe memory chip shortage in recent years, describing the current market as a war to secure memory chips, with all customers demanding nearly double their prior supply volumes. The company announced plans to invest $720 billion to expand AI memory capacity in Korea and the United States, and has been actively scouting front-end wafer fab sites in the US. Additionally, Samsung and SK hynix combined semiconductor facility investment reached 43.2 trillion won in H1, up 35.1% year-over-year, with SK hynix equipment spending alone surging over 70%. Sandisk's investor day long-term financial guidance, which far exceeded expectations, further reinforced market confidence in sustained AI-driven storage demand growth, amplifying sector-wide momentum.

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