Samsung Electronics and SK Hynix leveraged exchange-traded funds (ETFs) surged on the Korean stock exchange on May 27 following confirmation of collaboration expectations at the AI Summit over the weekend. KODEX SK Hynix single-stock leverage ETF closed up 6.61%, while TIGER SK Hynix single-stock leverage ETF rose 6.82% and ACE SK Hynix single-stock leverage ETF gained 5.93%. Samsung Electronics leveraged products also climbed, with KODEX Samsung Electronics single-stock leverage ETF up 3.62%, TIGER Samsung Electronics single-stock leverage ETF up 3.78%, ACE Samsung Electronics single-stock leverage ETF up 2.71%, and PLUS Samsung Electronics single-stock leverage ETF up 2.65%. Inverse products betting on stock declines fell, with SOL SK Hynix futures single-stock inverse 2X down 5.89% and PLUS Samsung Electronics futures single-stock inverse 2X down 3.81%.
Samsung Electronics Signs $200 Billion MOU with Broadcom Through 2030
Samsung Electronics signed a memorandum of understanding (MOU) with Broadcom on May 26 for over $200 billion (approximately 290 trillion won) through 2030. The agreement involves Samsung supplying advanced memory while taking on production of Broadcom artificial intelligence (AI) chips. Next-generation products will incorporate 2-nanometer or smaller processes, and collaboration scope includes 2.3D and 2.5D advanced packaging. The partnership bundles memory, foundry, and packaging services.
SK Hynix Partners with NVIDIA and Microsoft for AI Memory Cooperation
SK Hynix entered long-term AI memory cooperation with NVIDIA. SK Hynix will participate in development from the stage when NVIDIA drafts blueprints for next-generation graphics processing units (GPUs) and AI servers. The company also reached agreement with Microsoft on long-term supply and will jointly refine memory specifications for AI servers.
Samsung Electronics and SK Hynix Stocks Close Higher on May 27
Samsung Electronics rebounded approximately 2% at market open before turning downward, closing up 1.80% at 254,000 won compared to the previous trading day. SK Hynix also rebounded approximately 2% and closed up 3.24% at 1,816,000 won compared to the previous trading day.
FAQ
What did Samsung Electronics and SK Hynix leveraged ETFs do on May 27?
Samsung Electronics and SK Hynix leveraged ETFs surged on the Korean stock exchange on May 27. KODEX SK Hynix single-stock leverage ETF closed up 6.61%, TIGER SK Hynix single-stock leverage ETF rose 6.82%, and ACE SK Hynix single-stock leverage ETF gained 5.93%. Samsung Electronics leveraged products rose 2.65% to 3.78%.
What partnership did Samsung Electronics announce with Broadcom?
Samsung Electronics signed a memorandum of understanding with Broadcom on May 26 for over $200 billion (approximately 290 trillion won) through 2030. The agreement involves Samsung supplying advanced memory and producing Broadcom AI chips, with next-generation products incorporating 2-nanometer or smaller processes and 2.3D and 2.5D advanced packaging.
How did Samsung Electronics and SK Hynix stocks perform on May 27?
Samsung Electronics closed up 1.80% at 254,000 won on May 27 compared to the previous trading day. SK Hynix closed up 3.24% at 1,816,000 won compared to the previous trading day.
