Samsung and SK Hynix soar 10%, tech stocks rebound from March's sharp decline

LootboxPhobia · 2026-04-01T04:24:30+00:00

Samsung Electronics and SK Hynix stock prices surged significantly on Wednesday, rising over 10% and 9.5% respectively. Previously, both companies were hit hard due to market concerns over long-term storage chip demand. Recent changes in market expectations for chip prices have triggered a rebound, and both companies anticipate benefiting from future AI demand.

LootboxPhobia

2026-04-01 04:24:30

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Investing.com- Samsung Electronics and SK hynix shares surged Wednesday, tracking a broad rebound in tech stocks after the sector was badly hit in March, drawing in bargain hunters.

Samsung Electronics (KS:005930) jumped more than 10% to 184,300 won, while SK hynix (KS:000660) rose as much as 9.5% to 884,000 won. Both were the biggest drivers of the KOSPI index, which rebounded 6.5% after falling more than 19% last month.

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Samsung Electronics and SK hynix suffered losses of more than 20% in March, as growing worries about long-term demand for AI industry memory chips intensified, especially after Google rolled out a new algorithm, which the company said could significantly reduce AI memory requirements.

More recently, the market has also begun to speculate that storage chip prices may fall as AI giant OpenAI cuts spending. The company recently shut down its video generation model Sora.

At the end of 2025, OpenAI signed an agreement with Samsung Electronics and SK hynix to purchase 900,000 DRAM wafers from the two companies, which accounts for a large share of supply.

Both companies benefited greatly from the surge in storage chip prices at the end of 2025, when the market expected a potential supply shortage due to excessive AI demand.

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