The Southern East SK hynix Daily Leverage Max 2X Product (07709) has climbed more than 6%, with a 6.19% gain to HK$39.82 at the time of writing, recording a turnover of HK$4.934 billion.

On the news front, strong revenue guidance from Nvidia has lifted chip stocks across the board. In the Korean market, SK hynix surged over 5% in early trading before paring gains amid interest rate concerns.

According to reports, Samsung Electronics and SK hynix are planning to increase their supply of 8-layer HBM4 memory to Nvidia in the second half of this year. The 8-layer configuration is widely considered likely to become the flagship product for the next-generation HBM4E.

Bank of America has maintained its "Buy" rating on the Korean memory chip giant SK hynix, with a target price of $250. The bank highlighted multiple key investment points, including memory supply shortages, an increase in long-term agreements (LTAs), and high profit margins.