With Memory chips (DRAM) up 3.2%, this looks like a sector-led move rather than a company-specific surprise.
The memory chip sector is experiencing a significant pre-market rally, driven by a sharp rebound in major South Korean memory manufacturers like Samsung Electronics and SK Hynix during the Asian trading session. This reversal follows several days of declines and appears to be fueled by renewed investor confidence in the artificial intelligence sector after Microsoft reported stronger-than-expected profits. The positive sentiment is further supported by an ongoing structural shortage of memory chips, particularly for AI applications, which is expected to persist and continue to drive prices higher.