U.S.-listed shares of SK Hynix (NASDAQ:SKHY) climbed 6.6% in premarket trading on Thursday after fresh capital spending plans from Alphabet and Tesla strengthened expectations for continued investment in artificial intelligence infrastructure.
The gains reflected growing investor confidence that demand for advanced memory chips will remain strong as leading technology companies accelerate AI development.
AI spending plans support chip sector
Market sentiment improved after Alphabet raised its projected 2026 capital expenditure to between $195 billion and $205 billion, signalling continued heavy investment in data centres and artificial intelligence infrastructure.
Tesla also reaffirmed its commitment to substantial AI-related spending, reinforcing expectations that demand for high-performance semiconductors will continue expanding across the technology sector.
The announcements boosted optimism for suppliers involved in the AI supply chain, particularly companies producing advanced memory solutions.
SK Hynix well positioned to benefit
SK Hynix is one of the world’s leading manufacturers of high-bandwidth memory (HBM) chips, a critical component used in artificial intelligence processors and high-performance computing systems.
As hyperscale cloud providers continue expanding AI infrastructure, demand for advanced memory products is expected to remain a key growth driver for the company.
Investors remain optimistic about AI demand
The latest investment commitments from major technology companies suggest that spending on artificial intelligence infrastructure continues to accelerate despite broader concerns over rising capital expenditure.
For semiconductor suppliers such as SK Hynix, sustained investment in data centres and AI computing platforms could provide ongoing support for revenue growth as the next phase of AI deployment unfolds.