Intel Soars 9% On A Memory Deal That Doesn’t Exist Yet

Intel shares surged nearly 9% in Thursday's trading session, following a Reuters report of exploratory talks with SK Hynix to produce memory chips in the U.S. While neither company has officially confirmed the potential deal, the possibility of SK Hynix leasing part of Intel's Ohio mega-campus or forming a joint venture with cloud computing firms has sparked considerable interest.

SK Hynix shares themselves climbed nearly 5% on the day. The AI sector, with memory chips at its core, continues to attract significant investment, with numerous analysts upgrading Intel and SK Hynix as top picks.