Storage shares jumped in premarket trading. SanDisk, Western Digital, Micron up about 4%; Rambus, Seagate Technology up over 3%.
South Korea’s two largest chipmakers Samsung Electronics Co. and SK Hynix Inc. are seeking to raise prices for server memory by as much as 70% in the first quarter, signaling a decisive shift to a seller’s market as surging demand from artificial intelligence overwhelms global supply, The Korea Economic Daily reported.
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