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SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip

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Summary
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71% Informative

Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip and the parent company's chair said that the South Korean semiconductor firm sped up the supply of a key product to Nvidia .

Chey Tae-won , chair of SK Group , said Nvidia CEO Jensen Huang asked him if he could move supply of high-bandwith memory ( HBM ) chips called HBM4 forward by six months .

HBM is a key component of Nvidia 's chips, which are used to train huge AI models.

VR Score

79

Informative language

82

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41

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formal

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English

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40

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not offensive

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short-lived

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