SK Hynix shares hit multidecade highs, Samsung also surges on OpenAI partnership

Core Insights - Samsung Electronics and SK Hynix shares surged following their partnership with OpenAI as part of the Stargate initiative, with Samsung's shares rising over 4% and SK Hynix's shares increasing more than 9% [1][2] - This partnership aims to enhance the supply of advanced memory chips essential for next-generation AI and to expand data center capacity in Korea [2] Company Performance - Samsung's stock reached its highest level since January 2021, indicating strong market confidence [1] - SK Hynix's stock hit its highest level since 2000, reflecting significant investor interest and optimism [1] Partnership Objectives - The collaboration with OpenAI will focus on scaling up the production of advanced memory chips critical for powering AI models [2] - The initiative is expected to bolster data center capacity in Korea, aligning with the growing demand for AI technologies [2]