CSOP Samsung Electronics Daily (2x) Leveraged Product surged 5.12% during intraday trading on Monday, extending gains in the memory chip sector.
The rally follows strong earnings from memory chip maker SK Hynix, which reported record first-quarter results with sales exceeding KRW 50 trillion for the first time and operating profit reaching KRW 37.6 trillion at a 72% margin. The company attributed its performance to AI-driven memory demand and projected favorable pricing environments for both DRAM and NAND flash markets.
Adding to the bullish sentiment, Goldman Sachs issued a research note stating that AI server-driven demand is pushing an already tight supply chain into more severe shortages. The bank raised its DRAM price increase forecast from approximately 150% to 250%-280%, and its NAND price increase forecast from approximately 100% to 200%-250%, citing strong server application demand, limited new industry capacity prioritized for HBM, and extremely low inventory levels.
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