(Jan 27): SK Hynix Inc shares jumped to an all-time high after local media said the company is the sole supplier of advanced memory for Microsoft Corp’s new artificial intelligence (AI) chip. SK Hynix is unable to confirm or disclose any customer-related information, a company spokesperson said in a text message. “We will probably see SK Hynix earnings meeting expectations again,” he added. Another positive tailwind came as Citigroup Inc hiked its price target for SK Hynix by 56% to a street-high 1,400,000 won (RM3,825.65). “The memory market is shifting toward semi-customisation, with memory customers required to sign a contract a year prior to actual product delivery,” analyst Peter Lee wrote in a note Monday.

Source: The Edge Markets January 27, 2026 07:32 UTC