SK Hynix stock skyrocketed, guys @DecibelTrade 😭 Today, on July 31, SK Hynix surged an impressive 24–28%, one of its strongest single-day rallies in history. The KOSPI also rebounded strongly after a prior sell-off. The biggest driver? Strong earnings from U.S. Big Tech. Microsoft and Amazon continued to demonstrate robust demand for cloud services and AI spending, fueling a recovery across the global semiconductor sector. SK Hynix is one of the direct beneficiaries, supplying HBM to NVIDIA and AI data centers. Market sentiment was further bolstered when SK Group Chairman Chey Tae-won personally purchased approximately 3,620 shares of SK Hynix—valued at nearly 4.8 billion won—marking his first such purchase via his personal account. Meanwhile, SK Hynix just reported record financial results: revenue of around 79.3 trillion won and an operating profit of 60.5 trillion won, driven by surging demand for HBM and server DRAM. Just days ago, the stock was being dumped over fears of an AI bubble—today, it’s up nearly 30%. Korean stocks? Definitely not for the faint of heart 😭