SK Hynix, Samsung Ink $950 Billion AI Chip Deals, But Stocks Still Slide
Samsung Electronics and SK Hynix signed a combined $950 billion in artificial intelligence (AI) chip supply deals with Nvidia and Broadcom over the weekend.
Both stocks still fell in Monday trading, a disconnect that shows how much of the AI rally already sits in the price.
A Massive AI Infrastructure Deal
SK Hynix will supply $750 billion in memory chips to Nvidia and other US companies over several years. Nvidia put its own portion of that deal at $500 billion. The agreement covers new data centers targeted for 2027, and SK Hynix affiliate SK Telecom will build a cloud business on Nvidia's Vera Rubin systems.
Nvidia enterprise vice president Raj Mirpuri said the deal secures a stable supply of high-bandwidth memory (HBM), the specialized chips that power AI processors and graphics cards.
Samsung separately signed a memorandum of understanding worth an estimated $200 billion with Broadcom. The agreement expands their memory and foundry collaboration, the companies said in statements Friday.
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