Nvidia Supplier SK Hynix Soars 9% As Mass Production Of Advanced HBM3E Chips Begins Amid Burgeoning AI Demand
Portfolio Pulse from Kaustubh Bagalkote
SK Hynix's shares surged over 9% as it began mass production of advanced HBM3E chips, driven by AI demand. The company, a key supplier to NVIDIA, plans to deliver these chips by year-end. This positions SK Hynix ahead in the competitive AI-driven market.
September 26, 2024 | 3:10 am
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Micron Technology is also in the race to supply HBM3E chips, having started shipping production-capable units. This positions Micron as a competitor in the AI-driven chip market.
Micron's involvement in HBM3E chip production places it in direct competition with SK Hynix, impacting its market position and potential revenue from AI demand.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
NVIDIA, a primary customer of SK Hynix, may benefit from the mass production of HBM3E chips, which are crucial for AI advancements. This could enhance NVIDIA's product offerings and competitiveness.
As SK Hynix begins mass production of HBM3E chips, NVIDIA, being a primary customer, stands to benefit from improved chip supply, enhancing its AI product capabilities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80