Korean memory stocks hit new highs, while A-share memory stocks saw a slight pullback

Boosted by strong earnings from Nvidia and continued robust AI demand, Asian tech stocks rose across the board today. The MSCI Asia Pacific Index rose 1% to a record high, Samsung Electronics surged over 5%, and SK Hynix rose over 2%, both hitting record highs, pushing the KOSPI index up over 2%. In the US stock market, the memory sector showed mixed performance the previous day, with Western Digital rising 7.53%, Seagate Technology rising 6.52%, and SanDisk falling 0.96% due to short selling.

A-share memory chip stocks saw a slight pullback, with GigaDevice falling 0.62% and Montage Technology falling 1.59%. While industry insiders are generally optimistic about the prospects of the AI ​​supply chain, some remain cautious about the potential for over-investment.