Shares of SK Hynix, a key supplier to Nvidia, surged over 7% to an all-time high on Monday. This rally was fueled by positive earnings results from U.S. chipmaker Intel, which rekindled optimism about sustained artificial intelligence demand.
SK Hynix's significant gains outpaced rival Samsung Electronics, whose stock increased 2.5%. Samsung faces potential headwinds from a possible strike by its unionized workers scheduled for May.