SK hynix Inc. is trading 16.1% up now at $1300.00 following a sharp rebound from recent volatility and the announcement of a major capacity expansion plan.
- The company intends to triple its wafer production capacity by 2034 to meet surging demand for AI-driven memory solutions.
- Investors view the expansion as a significant long-term growth catalyst, overshadowing broader market caution toward the technology sector.