Movement Alert｜CSOP SK Hynix Daily Max (2x) Leveraged Product Rises 5.71% in Regular Trading, NVIDIA Strong Earnings Outlook Lifts Storage Sector

Market Focus08-27 09:33

On August 27, CSOP SK Hynix Daily Max (2x) Leveraged Product rose 5.71% in regular trading, trading at 39.92 HKD, with turnover of HKD 280 million.

On the news front, NVIDIA delivered a strong earnings outlook, reporting second fiscal quarter revenue of USD 96.2 billion representing a 106% year-over-year increase, and guiding third fiscal quarter revenue to USD 108 billion, exceeding market expectations. NVIDIA shares rose over 4% after hours, driving a broad rally across the storage chip sector. SK Hynix gained nearly 5% in US after-hours trading and surged over 5% in early Korean trading.

Additionally, Samsung and SK Hynix plan to increase supply of 8-layer HBM4 memory to NVIDIA in the second half of the year. SK Hynix's KRW 40 trillion share buyback and cancellation program remains in its execution period through November 19, continuing to provide downside support for the stock price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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