SK Hynix’s 340% Rally Solidifies Nvidia’s HBM Supply; Nvidia Shares Dip 1% on US-Iran Tensions
NVDA•SK Hynix’s shares have rallied over 340% this year, lifting its market value to 2,082.5 trillion won and cementing its role as Nvidia’s primary high-bandwidth memory supplier ahead of Samsung. Nvidia stock dipped 1% last week after renewed US-Iran tensions rattled broader semiconductor markets.
1. SK Hynix Overtakes Samsung
SK Hynix’s shares jumped 5.7%, raising its market capitalization to 2,082.5 trillion won and overtaking Samsung Electronics at 2,081.3 trillion won. The 340% year-to-date rally has been driven by explosive demand for high-bandwidth memory chips used in AI systems, with Nvidia among its largest customers.
2. Nvidia’s Memory Supply Chain Impact
As Nvidia scales up AI GPU production, securing consistent HBM supply from SK Hynix is becoming increasingly vital. SK Hynix’s specialization in AI-optimized memory chips could translate into more favorable pricing and availability for Nvidia’s next-generation data center products.
3. Geopolitical Risks Weigh on Nvidia Shares
Nvidia shares fell 1% last week following fresh threats between the US and Iran, which spurred a selloff across semiconductor indices. The move underscores how geopolitical developments continue to influence investor sentiment and market volatility in the chip sector.
4. AI Infrastructure Partner CoreWeave Joins Nasdaq-100
CoreWeave, an AI infrastructure provider built on Nvidia GPUs, has surged 194% since its IPO and will be added to the Nasdaq-100 on June 22. The inclusion may drive further demand for GPU compute capacity, indirectly bolstering Nvidia’s data center revenue pipeline.
