SK Hynix and Samsung Electronics shares each soared more than 20% on Friday, tracking a sharp rally in US technology stocks, according to CNBC.
Key facts
- SK Hynix and Samsung Electronics shares each soared more than 20% on Friday, according to CNBC.
- The gains tracked a sharp rally in US technology stocks.
- CNBC linked the move to a rebound in the AI-driven rally.
- Further details on the drivers behind the move were not provided in the available reporting.
South Korea’s chip heavyweights SK Hynix and Samsung Electronics each soared more than 20% on Friday, according to CNBC.
The gains came as the two companies tracked a sharp rally in US technology stocks, CNBC reported.
CNBC characterised the day’s move as the AI rally roaring back.
Beyond the reported percentage gains and their link to the US tech rally, further details on the drivers behind Friday’s move were not provided in the available reporting.
Why it matters
The double-digit single-day gains illustrate how closely South Korean chipmakers can move alongside sentiment in the US technology market, particularly around demand tied to artificial intelligence, based on CNBC's reporting.
Frequently asked questions
How much did SK Hynix and Samsung shares rise?
According to CNBC, SK Hynix shares surged 25% and Samsung Electronics shares soared more than 20% on Friday.
What drove the gains?
CNBC reported the two chipmakers were tracking a sharp rally in U.S. technology stocks, described as the AI rally roaring back.
When did the rally happen?
The gains were reported on Friday, July 31, 2026, according to CNBC.