{
  "id": 16902153,
  "title": "Memory chip stocks are back on the rise today: What’s driving the upswing for Micron, Sandisk, and SK Hynix?",
  "url": "https://urgent.news/2026/10/28/memory-chip-stocks-are-back-on-the-rise-today-whats-driving-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T12:44:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91631313/memory-chip-stocks-today-why-micron-sandisk-sk-hynix-rising"
  },
  "original_language": "en",
  "account": "Memory chip stocks have been on a downward trend recently, but today could signal the start of a recovery. SK Hynix Inc.'s stock rose 10.89% on Wednesday after delivering better-than-expected third-quarter results. The South Korean company reported $78.13 billion in revenue, surpassing Wall Street's projected $78.34 billion, marking a 328% increase year-over-year. Operating profit for SK Hynix was $62.22 billion, exceeding the forecasted $76.72 billion and representing a 632% year-over-year increase. The company also revealed plans to distribute approximately $100 billion in shareholder returns this year. By the close of trading, SK Hynix's shares were up 128.42% year-to-date, but still down 16.27% over the past 30 days. The Nasdaq-listed shares of SK Hynix (Nasdaq: SKHY) surged more than 7% in premarket trading on Wednesday. Samsung Electronics also rose alongside its South Korean counterpart, closing up 9.01%. Similarly, it was up 101.83% for the year but down 9.87% for the month. South Korea's KOSPI Index, where both SK Hynix and Samsung are traded, closed 6.63% higher but down 12.73% for the month. American memory chip companies experienced a boost in premarket trading on Wednesday following SK Hynix's strong performance. Micron Technology Inc. (Nasdaq: MU) climbed 3.97%, while Sandisk Corp. (Nasdaq: SNDK) rose 4.91%. Memory stocks have been gaining traction this year due to a memory shortage caused by the expansion of AI infrastructure. However, the stocks have cooled after reaching record highs during the summer.",
  "summary": "Memory chip stocks have had a particularly bad run as of late, but today might mark the beginning of a turnaround. Shares of SK Hynix Inc. closed 10.89% up on Wednesday following better-than-expected third-quarter results , including over 100 trillion won in sales for the first time. The South Korean company reported 104.62 trillion won ($78.13 billion) in revenue, beating Wall Street’s expected…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Semafor",
        "title": "South Korean chip giant SK Hynix's 3Q profits surge",
        "url": "https://urgent.news/2026/10/28/south-korean-chip-giant-sk-hynixs-3q-profits-surge",
        "published": "2026-10-28T11:02:26.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Lynx sees SK Hynix results rekindling interest in this chip stock",
        "url": "https://urgent.news/2026/10/28/lynx-sees-sk-hynix-results-rekindling-interest-in-this-chip-stock",
        "published": "2026-10-28T12:22:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}