DIRS.INFO The most relevant business & tech news

☆ Samsung or SK Hynix? One Nvidia supplier is the better AI play, the pros say
▼ + stars: | 2024-05-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.

Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, —, Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E

☆ Samsung Electronics' operating profit jumps 932.8% in first quarter, beats expectations
▼ + stars: | 2024-04-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Here are Samsung's first-quarter results versus LSEG estimates: Revenue: 71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won71.92 trillion Korean won (about $52.3 billion), vs. 71.04 trillion Korean won Operating profit: 6.61 trillion Korean won, vs. 5.94 trillion Korean won Samsung's revenue for the quarter ending March jumped 12.81% from a year ago, while operating profit soared 932.8% in the same period. The figures were in line with the company's guidance earlier this month, where Samsung said operating profit in the January-March quarter likely rose to 6.6 trillion Korean won, up 931% from a year ago. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand. Operating profit increased to KRW 6.61 trillion as the Memory Business returned to profit by addressing demand for high value-added products," Samsung Electronics said in a statement on Tuesday.

Persons: SeongJoon Cho, SK Kim, Kim, TSMC, Biden Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Samsung Electronics, Memory Business, SK, Daiwa, CNBC, Micron, Citi, —, Japan's Rapidus Corporation Locations: Seoul, South Korea, Korean, Taiwan, Texas, U.S, Asia

☆ Samsung stock: Shares rise after tech firm reports big jump in profit
▼ + stars: | 2024-04-29 | by ( ) edition.cnn.com time to read: +4 min

The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8% higher on Tuesday after it reported a more than 10-fold rise in first-quarter operating profit. Operating profit rose to 6.6 trillion won in January to March, up from 640 billion won a year earlier. It was the company’s highest operating profit since the third quarter of 2022. Samsung’s mobile devices business booked a 3.51 trillion won operating profit in the first quarter, down from 3.94 trillion won a year earlier. Rising costs, including increased memory chip prices, dented margins from its flagship Galaxy S24 smartphones launched during the quarter.

Persons: ” Jaejune Kim, Jeff Kim, ” Kim Organizations: Seoul Reuters, Samsung Electronics, Samsung, SK Hynix’s, Nvidia, SK Hynix, AMD, KB Securities, Apple Locations: Seoul, China

☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ Procter & Gamble sales disappoint as price hikes slow down
▼ + stars: | 2024-04-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In October, executives said that they anticipated returning to volume growth in fiscal 2024. However, three of P&G's divisions reported volume growth for the quarter. The company's grooming business, home to its Gillette and Venus razors, reported volume growth of 2%. And fabric and home care, which includes Febreze and Swiffer, saw 1% volume growth. That's a reversal from the last two fiscal years, when commodity costs weighed on the company, leading to price hikes.

Persons: Pantene, Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, Gillette, pricey SK Locations: San Anselmo , California, China, Gaza, U.S

☆ Samsung reportedly tells executives they're working 6 days a week now
▼ + stars: | 2024-04-18 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Samsung Group is introducing a six-day workweek for executives, according to a recent report. AdvertisementWhile some companies are embracing four-day workweeks, Samsung Group is reportedly moving in the opposite direction — at least for executives. Samsung Group is implementing a six-day workweek for executives across all of its divisions, with some starting as early as this week, according to a new report from The Korea Economic Daily. Some executives at other divisions have already been working six-day weeks voluntarily since the start of the year, the Daily said. Samsung Electronics executives will have the option of coming in either Saturday or Sunday, according to the report.

Persons: —, weathers Organizations: Samsung, Apple, Service, Samsung Group, Korea Economic, South, South Korean, Samsung Electronics Co, Daily, Samsung Electronics, Employees, IDC, Reuters, SK Group, SK Hynix Locations: South Korea, Korean

☆ Samsung expects first-quarter profit to soar 931% as memory chip prices rebound
▼ + stars: | 2024-04-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - MARCH 14, 2024 - Visitors visit the Galaxy S24 phones at SAMSUNG booth at AWE2024 in Shanghai, China, March 14, 2024. Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Profit in the first quarter of 2023 was 0.64 trillion won. The profit guidance for the first quarter of 2024 exceeds LSEG's estimate of 5.24 trillion won. Daiwa maintained their "buy" rating on Samsung Electronics and lifted price target to 110,000 won.

Persons: Kim, Daiwa Organizations: Galaxy, SAMSUNG, Samsung Electronics, SK Kim, Daiwa Securities Locations: SHANGHAI, CHINA, AWE2024, Shanghai, China

☆ Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility
▼ + stars: | 2024-04-04 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. SK Hynix , one of the world's largest memory chipmakers, said it would invest $3.87 billion in its first chip packaging facility in the U.S., marking another victory for the Biden administration's efforts to onshore chip production. SK Hynix said the facility, slated for operation in 2028, will house a production line for SK Hynix's cutting-edge high-bandwidth memory chips — important components in the Nvidia GPUs used to train AI systems like ChatGPT. "We are excited to become the first in the industry to build a state-of-the-art advanced packaging facility for AI products in the United States," said SK Hynix CEO Kwak Noh-Jung in a statement, adding it would "strengthen supply-chain resilience and develop a local semiconductor ecosystem." The project will also bring more than a thousand new jobs to the region and will include an R&D facility to develop future generations of chips, according to the company.

Persons: Biden, SK Hynix, Noh, Jung Organizations: SK Hynix, Purdue University, Wednesday, Indiana State, U.S, SK, SK Hynix's, Nvidia Locations: Krakow, Poland, U.S, West Lafayette , Indiana, United States

☆ AI-related semiconductors: Veteran tech investor names his favorite stocks
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI-related semiconductors: Veteran tech investor names his favorite stocksPaul Meeks, co-CIO at Harvest Portfolio Management, says "Nvidia can go even higher," adding that his "favorite pick right now is Micron or, if I was in South Korea, it would be [SK] Hynix."

Persons: Paul Meeks Organizations: Veteran, Portfolio Management, Nvidia, Micron, SK Locations: South Korea

We're buying 30 shares of Procter & Gamble at roughly $156.41. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 520 shares of PG, increasing its weighting to 2.52% from 2.38%. PG 1Y mountain Procter & Gamble YTD You may wonder why a household staple like P & G is getting caught up in this mix. Despite the beauty softness last quarter, Procter shares surged after earnings on the improving volume trends and ongoing improvement to profit margins. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Ulta, Estee Lauder, Coty, Gamble, Procter, Lauder, Fabrizio Freda, Jim Cramer, Jim Organizations: Procter, Gamble, Procter & Gamble, JPMorgan, Kohl's, SK, Asia Travel, Citi, Bank of America, CNBC Locations: Sephora, China, We're, Asia

☆ Now that Nvidia's launched powerful AI chips, Goldman expects these 3 stocks to get a boost
▼ + stars: | 2024-03-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

In the wake of Nvidia 's launch of powerful new artificial intelligence chips, Goldman Sachs is predicting major growth for memory chips used in AI systems. Called Blackwell, the new GPU chips from Nvidia that power AI models require the latest third-generation memory chips, also known as high-bandwidth memory (HBM/HBM3E). The investment bank expects the total addressable market for HBM to expand tenfold to $23 billion by 2026, up from just $2.3 billion in 2022. The Wall Street bank sees three major memory makers as prime beneficiaries of the booming HBM market: SK Hynix , Samsung Electronics and Micron . Investors have been cautious about the memory market for AI systems since all three major suppliers are due to expand manufacturing capacity and add downward pressure on profit margins.

Persons: Goldman Sachs, Blackwell, Giuni Lee, Goldman, Peter Lee, Jensen Huang, — CNBC's Michael Bloom Organizations: Nvidia, HBM, SK Hynix, Samsung Electronics, Micron, Investors, Intelligence, Innovation Fund, MU, Goldman, Citi Locations: U.S, Germany

☆ Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
▼ + stars: | 2024-03-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on Wednesday. José Muñoz, Hyundai president and global chief operating officer, said the company is evaluating whether or not to produce hybrid or plug-in hybrid electric vehicles at the $7.59 billion plant in addition to all-electric vehicles. The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules to better take into account hybrid and plug-in hybrid electric vehicles rather than a focus on all-electric vehicles. Muñoz said Hyundai remains committed to EVs but also knows hybrids and plug-in hybrid vehicles may be better for some consumers. Hyundai on Wednesday revealed a refreshed Tucson crossover that will be offered as a traditional gas engine, hybrid and plug-in hybrid electric vehicle.

Persons: José Muñoz, Muñoz, Biden, We've Organizations: Hyundai, CNBC, New York, Hyundai Motor, South, LG Energy, SK Locations: Georgia, Bryan County, South Korea, Tucson

☆ South Korean 'Value-Up' tax reform to hinge on upcoming election: SK Securities
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean 'Value-Up' tax reform to hinge on upcoming election: SK SecuritiesPeter Kim from SK Securities says April's legislative election is crucial to the Korean government's efforts to boost value in the stock market, but the policy should continue regardless of the result.

Persons: SK Securities Peter Kim Organizations: SK Securities

☆ Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
▼ + stars: | 2024-03-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

There's a whole world of stocks beyond flashy AI names such as Nvidia for investors looking to ride the latest tech wave, according to investment firm Fidelity International These indirect AI plays include semiconductor foundries, packaging technology companies and memory companies, the investment firm said in a report Wednesday. In our view, AI will follow a similar trend," said Fidelity analysts. "These include semiconductor foundries, packaging technology companies and memory companies. However, looking beyond Nvidia, stocks in the AI-related sectors outlined by Fidelity have also been on the up. Customer services firms, business process outsourcing and music content companies could also offer opportunities, said Fidelity, as they "embrace and adapt to AI."

Persons: Fidelity Organizations: Nvidia, Fidelity International, Fidelity, ChatGPT, Taiwan Semiconductor Manufacturing Company, Samsung, SK Hynix, Nasdaq Locations: Stock, South Korean

CNN —Three Rapid Vienna soccer players were not selected for national team duty after video emerged of them taking part in post-match celebrations shouting homophobic chants with a selection of the crowd. Guido Burgstaller, Marco Grüll and Niklas Hedl were seen, among others, chanting after the club defeated rivals Austria Vienna on February 25. Austria’s men’s national team manager Ralf Rangnick said he left the trio out for the upcoming fixtures against Slovakia and Turkey after he and the coaching staff watched videos of the incident. The deciding factor is what the behavior looks like.”Austria manager Ralf Rangnick has not selected the three players from the most recent national team squad. Christian Hofer/Getty ImagesBurgstaller, Rapid Vienna’s club captain, issued an apology online for the “absolute misconduct.”“We bear full responsibility for what happened and deeply regret this action.

Persons: Guido Burgstaller, Marco Grüll, Niklas Hedl, Austria’s, Ralf Rangnick, Rangnick, ”, they’ve, ” Rangnick, it’s, Christian Hofer, Grüll, “, ” Grüll, Thorsten Schick, Maximilian Hofmann, Steffen Hofmann, Stefan Kulovits Organizations: CNN, Rapid Vienna, Austria Vienna, Manchester United, Rapid Vienna’s, SK Rapid, Austrian Football League Locations: Slovakia, Turkey, Austria

☆ How Georgia became America's green-manufacturing capital
▼ + stars: | 2024-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +14 min

Howey, now 30, grew up in northwestern Georgia near Dalton, a small city known as the "carpet capital of the world." SolarCycle, which reclaims old solar panels to make new ones, in February announced plans for a glass factory. The law authorized big tax credits for companies making renewable-energy technologies, including solar panels, batteries, and electric vehicles, in the US. According to S&P Global, the US imported more than two-thirds of its solar panels from Southeast Asia last year. When he sees solar panels atop the chargers, he feels pride in his job.

Persons: Robert Howey, Howey, he'd, Qcells, Catherine Boudreau, Joe Biden, Biden, Bob Keefe, Keefe, Gedia, Pat Wilson, Wilson, Brian Kemp, Benz, Dalton, Kemp, Heidi Popham, Popham, Donald Trump, Scott Moskowitz, Sen, Jon Ossoff of, Moskowitz, it's, Carl Campbell, Campbell, —, Whitfield, Jevin Jensen, Jensen, He's Organizations: US Navy, Business, Qcells, South, Hanwha, SK, Hyundai, Georgia Department of Economic, Gov, Porsche, Mercedes, SK On's, Financial Times, Georgia Northwestern Technical College, Treasury Department, P Global, Microsoft, Development Authority, Shaw Industries, Mohawk Industries, EV Locations: Georgia, Dalton, Japan, Cartersville, South Korea, Malaysia, North Carolina, China, Georgia , North Carolina, South Carolina, Savannah, Atlanta, Cartersville , Georgia, Germany, Commerce , Georgia, Southeast Asia, Korea, Jon Ossoff of Georgia, Washington, BloombergNEF, Vietnam, Whitfield County, ., Whitfield, Calhoun

☆ Why South Korea's Japan-style measures to boost its stock market may not work
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.

Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore

☆ Online trading platform Webull is set to go public via a $7.3 billion SPAC deal
▼ + stars: | 2024-02-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the second half of the year, pending regulatory and shareholder approvals. Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. Special purpose acquisition companies, or SPACs, raise capital in an initial public offering and use the cash to merge with a private company and take it public, usually within two years. Webull launched its trading platform in the U.S. in 2018 and enjoyed a huge boost during the Covid-19 pandemic as many Americans became first-time traders during lockdowns. The firm had $370 billion in equity notional volumes and 430 million options contracts traded through its platform in 2023.

Persons: Robinhood, Anthony Organizations: SK Growth, Corporation, Nasdaq, Webull, CNBC, CNBC PRO Locations: York, U.S

☆ SK Telecom CEO: Telcos interested in turning into AI firms
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Telecom CEO: Telcos interested in turning into AI firmsRyu Young-sang, CEO SK Telecom, speaks to CNBC's Arjun Kharpal at Mobile World Congress in Barcelona, Spain.

Persons: Telcos, Ryu Young, CNBC's Arjun Kharpal Organizations: Email SK Telecom, SK Telecom, Mobile Locations: Barcelona, Spain

☆ The men of 'Love Is Blind' keep getting 'exposed' on social media. The only problem is it's not always true.
▼ + stars: | 2024-02-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +12 min

They slid into my DMs in Instagram," Rikkii told Business Insider over Zoom. Rumor: Trevor had a girlfriend during 'Love Is Blind' filmingThe accusations against Trevor Sova are the most jarring and extreme. But his ex-fiancée told me he moved out on November 20 — which was 10 days before casting reached out," Rikkii told BI. This isn't the first time TikTok exposed 'Love Is Blind' contestantsPerhaps most famously, the drama between Jackie Bonds, Josh Demas, and Marshall Glaze played out largely online while "Love Is Blind" season four aired last year. AdvertisementThe next two episodes of "Love Is Blind" season six will air on February 28.

Persons: Trevor, Jimmy, Jeramey, —, Rikkii, Raven Ross, Netflix didn't, Trevor Sova, they're, hasn't, Rikkii's, Trevor's, Natalia Marrero, Reality Ashley, Ashley, Natalia, Chelsea, Chelsea Blackwell, Jimmy Presnell, lied to Organizations: Service, SK, Business, Netflix, Chelsea, E!, DU Locations: Instagram, North Carolina, @storytimewithrikkii

☆ Want a Nvidia alternative? These 6 chip suppliers look set to gain big from the AI boom
▼ + stars: | 2024-02-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

A number of stocks that supply Nvidia look set to gain from the AI boom, as the U.S. chip giant published another bumper quarter of earnings. Nvidia, which makes chips that are used to train artificial intelligence models, said sales had risen 265% year-on-year to more than $22 billion in its latest quarter . TSMC also makes chips for companies such as Apple and AMD . Samsung Electronics and SK Hynix make "high bandwidth memory" chips used in the latest AI chips. Japanese firm Advantest makes equipment and materials used to test AI chips during manufacturing.

Persons: TSMC, Morgan Stanley, CNBC's Michael Bloom Organizations: Nvidia, CNBC, Samsung Electronics, Micron Technology, Taiwan Semiconductor Manufacturing Company, Apple, AMD, SK Hynix, GPU, Street, BESI, BE Semiconductor Industries, TSMC, Intel, Samsung Locations: U.S, NVDA, Dutch

☆ Samsung Electronics' operating profit falls 34.57% in the fourth quarter, in line with guidance
▼ + stars: | 2024-01-31 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics on Wednesday posted a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month. Here are Samsung's fourth-quarter results versus estimates: Revenue: 67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts Operating profit: 2.82 trillion Korean won, vs. 3.43 trillion Korean won expected by LSEG analysts Samsung's revenue for the quarter ending December fell 3.8% from a year ago, while operating profit dropped 34.57% in the same period. In its earnings guidance earlier this month, Samsung said it expected operating profit for the October-December quarter to be 2.8 trillion South Korean won ($2.13 billion), down 35% from the same period a year ago when the firm reported an operating profit of 4.31 trillion won. Daiwa Capital Markets in a Jan. 9 report said Samsung's revenue and operating profit estimates were "lower than our market estimates." "We aim to establish Samsung as the leading brand in the AI smartphone market," said Samsung.

Persons: Jakub Porzycki, SK Kim, Apple, Bryan Ma, Ma Organizations: Samsung, Getty, Nurphoto, Samsung Electronics, Korean, South Korean, Daiwa, SK, Apple, International Data Corporation, IDC Locations: Krakow, Poland

☆ ‘Substantial upside’: Morgan Stanley portfolio manager loves this memory stock — and it's among analysts' top picks for 2024
▼ + stars: | 2024-01-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

One investor, however, has set his sights on another company offering a "value angle" on both semiconductors and artificial intelligence. Micron makes dynamic random access memory chips and NAND flash memory chips. DRAM, or dynamic random access memory, is a type of semiconductor memory needed for data processing. Micron is the third-largest player in the memory sector, coming after just South Korea's SK Hynix and Samsung , he added. Wolfe Research said Micron will likely benefit from a strong recovery in 2025 in both the DRAM and NAND space.

Persons: Aaron Dunn, CNBC's, Dunn, Morgan Stanley, you've, Goldman Sachs, Wolfe Organizations: Nvidia, Google, Micron Technology, Micron, Morgan, Value, South Korea's SK Hynix, Samsung, MU, UBS, Bank of America, Wolfe Research Locations: Morgan Stanley's

☆ CNBC Daily Open: Fed rate cut timing in focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] SK Hynix analysts' top callSouth Korea's SK Hynix, the world's second-largest memory chipmaker, is getting a lot of attention. Analysts are bullish on the stock and expect SK Hynix to drive the next generation of AI growth.

Persons: Dow, Elon Musk's Tesla, Erek Barron Organizations: New York Stock Exchange, CNBC, CSI, Big Tech, Nasdaq, China EV, DOJ, SEC, of Justice, Securities and Exchange Commission, SK Hynix, South Korea's SK Hynix Locations: New York City, U.S, Hong Kong, Asia, China, Maryland

☆ Analysts are so bullish on this global chip stock they keep naming it as their top pick
▼ + stars: | 2024-01-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

One stock frequently showed up among analysts' top calls this month: South Korean chipmaker SK Hynix . In December, HSBC raised the price target for the stock from 150,000 Korean ($112) won to 180,000 Korean won ($134). "We also expect positive impact from ongoing AI demand on expanding On-device AI adoption. For global investors who wish to buy SK Hynix shares, its shares are listed on the Korea Stock Exchange and its depository receipts are listed on the Luxembourg Stock Exchanges. Investors can also buy into SK Hynix via the ETF route.

Persons: Trent Masters, CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, SK Hynix, Nvidia, SK Hynix's, UBS, HSBC, Korean, Trent, Alphinity Investment Management, CNBC, Samsung, SK, Korea Stock Exchange, Luxembourg Stock Exchanges, Franklin FTSE, Franklin FTSE South Korea ETF, Korea ETF Locations: Franklin FTSE South Korea, Korea

Search resuls for: "SK"

25 mentions found