SK Hynix Climbs 4% on Record Buyback, Micron Ticks Up as Memory Defies the Tech Selloff

SK Hynix Climbs 4% on Record Buyback, Micron Ticks Up as Memory Defies the Tech Selloff

While the rest of the tech sector bleeds red Thursday, memory stocks are defying gravity, and the catalyst powering the biggest winner has nothing to do with AI chips.

SK Hynix ADR Jumps 4% as JPMorgan Sees $130 Billion More in Shareholder Returns After Buyback This Year

SK Hynix's shares surged following the announcement of a historic $28.6 billion share buyback and cancellation program, marking the largest in South Korea's corporate history, boosting investor confidence.

DRAM ETF receives a $101 billion catalyst from Samsung, SK Hynix

The Roundhill Memory ETF (DRAM) remains in a local bear market after falling more than 30% from its year-to-date high. It dropped to $55.40 from the year-to-date high of $81.35, with key news from Samsung and SK Hynix pointing to a rebound. SK Hynix and Samsung are planning massive shareholder returns Recent news is that Samsung Electronics and SK Hynix are planning to give their shareholders substantiual sums of money in the coming months. SK H…

Micron (MU) Stock Rises as SK Hynix and Samsung Launch Massive Buyback Plans

TLDR Micron stock rose nearly 1% in Thursday’s premarket, trading around $945, with no specific company catalyst driving the move. SK Hynix plans a $29 billion buyback; Samsung is reportedly planning one worth over 100 trillion won; Kioxia just completed a ~$5 billion buyback. Micron is blocked...

Samsung, SK Hynix prep record shareholder returns amid AI boom

Samsung to announce plan worth more than US$72 billion; SK Hynix will buy back US$29 billion of stock Read more at The Business Times.