ðŸ‡ðŸ‡° English, 28 October 2026, AI stocks
AI stocks enjoy broad lift from blockbuster earnings
SK hynix and Anthropic's strong results boost optimism in the sector.
The AI trade enjoyed a broad lift earlier on Wednesday from blockbuster earnings from the South Korean chip giant SK hynix, which soared almost 11 percent, helping to lift Seoul’s Kospi index more than six percent.
SK hynix, a specialist supplier of high-bandwidth memory chips to US industry behemoth Nvidia, unveiled plans to return an additional US$45 billion to shareholders after reporting operating profits about seven times the year-ago level.
The global race to build AI data centres has transformed the company’s fortunes, despite concerns that the sector may be overvalued.