The CSOP SK Hynix Daily (2x) Leveraged Product surged 11.93% during intraday trading on Wednesday, continuing its strong performance from the previous session.
The rally comes as local media reported that SK Hynix is the sole supplier of advanced HBM3E memory for Microsoft's new Maia 200 artificial intelligence accelerators. Each of the AI chips unveiled by Microsoft will use six units of SK Hynix's high-bandwidth memory, according to industry sources.
Additional positive catalysts include improving pricing for legacy memory chips and Citigroup's significant price target hike for SK Hynix by 56% to a street-high 1,400,000 won. The bank maintained its buy rating and opened a 30-day upside catalyst watch on the stock, citing expectations for better-than-expected DRAM/NAND pricing growth in 2026.
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