Movement Alert|CSOP SK Hynix Daily (2x) Leveraged Product Rises 5.1% in Regular Trading, Memory Shortage Warning and Massive Expansion Plans Fuel Rally

Market Focus
Aug 18

On August 18, CSOP SK Hynix Daily (2x) Leveraged Product rose 5.1% in regular trading, trading at 42.58 HKD/share, with turnover of 288 million HKD.

On the news front, SK Hynix Chairman Choi Tae-won publicly warned that the most severe memory shortage will emerge next year, with all customers demanding nearly double their original supply volumes, describing the memory chip scramble as a war. The company announced plans to invest $720 billion to expand AI memory capacity in South Korea and the United States, and has been actively scouting front-end wafer fab sites in the US. Additionally, Elon Musk identified memory as the core bottleneck for the autonomous AI era, while Goldman Sachs forecasts global autonomous AI monthly token consumption will reach 120 quadrillion by 2030. US memory concept stocks rallied collectively in the prior trading session, with strong sector linkage effects. The underlying stock SK Hynix has rebounded over 22% from its August 11 low of $135.29 to $165.67, supported by first-half capex exceeding 18 trillion KRW, up over 70% year-over-year.

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