🟢 SK Hynix is trading 4.5% up in pre-market after Nvidia announced multiyear HBM partnership

SK Hynix is trading 4.47% up at $165.09 after Nvidia reported $96.2 billion quarterly revenue, up 106% year over year, and announced a multiyear partnership for next-generation AI memory.

• The move follows SK Hynix’s $158.02 close on August 26, making the pre-market gain significant.
• The agreement includes securing and co-developing HBM for Nvidia’s AI infrastructure, supporting demand expectations for SK Hynix’s advanced memory products.
• Results lifted Asian technology sentiment; no volume or activity-level data was provided.