"The market priced that joke. SK Hynix, the South Korean memory specialist that supplies the bulk of the world's high-bandwidth memory for AI accelerators, climbed as much as 12 per cent in Seoul, with shares hitting roughly 1.4 million won, or about $970, in morning trading."
"Big Tech's combined 2026 capital expenditure is on track to land somewhere between $650bn and $725bn, depending on which analyst's tally one trusts, an increase of roughly 77 per cent on 2025."
"Microsoft has guided to as much as $190bn for the calendar year, with its chief financial officer publicly attributing about $25bn of that to rising memory-chip and component costs."
"By late 2025, SK Hynix held an estimated 57 per cent of the global HBM market, according to figures cited by analysts."
SK Hynix has become the second-most valuable company on the KOSPI due to a $725 billion capital expenditure ramp and a 20% rise in high-bandwidth memory prices. The company's stock surged as foreign investments followed strong earnings and reaffirmed AI infrastructure plans from US hyperscalers. Big Tech's capital expenditure for 2026 is projected to reach between $650 billion and $725 billion, significantly impacting the demand for high-bandwidth memory, where SK Hynix holds a dominant market share.
Read at TNW | Business
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