Samsung Electronics and SK Hynix shares rose sharply on Monday following the launch of OpenAI's Astra model.
Samsung Electronics and SK Hynix shares rose sharply in early trading on Monday. The gains were driven by investor optimism regarding the launch of OpenAI's new AI model, Astra, and the company's declaration that the era of artificial general intelligence is arriving.
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Investors expect that the proliferation of high-performance AI models like Astra will increase demand for high-capacity memory products and support further memory price increases. This demand boost revitalized interest in the memory-chip sector, causing semiconductor stocks to rise in the U.S. and Asia. Samsung Electronics shares were trading at 266,750 won, up 4.4 percent from the previous session. SK Hynix shares were up 6.13 percent, reaching 1.748 million won. The rally also benefited semiconductor materials, components, and equipment stocks, with Doosan Tesna Inc. and PSK Holdings Inc. also seeing significant gains.
Sources
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Why the launch of OpenAI’s latest Astra model reignited the memory-chip trade
MarketWatch
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Samsung Electronics, SK hynix surge on OpenAI tailwinds
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