A sign at the SK Hynix Inc. office in Seongnam, South Korea, Tuesday, June 30, 2026.
Cho Sung Joon | Bloomberg | Getty Images
SK Hynix led a broad rally in Asian technology stocks on Wednesday, following a rebound in U.S. semiconductor stocks that fell sharply earlier this week.
Shares of the South Korean memory chip maker soared more than 11% in the Seoul market following gains in pre-market trading. Stocks rebounded after posting their biggest single-day drop on Monday as investors booked profits amid growing concerns about AI investments.
Domestic rival Samsung Electronics rose 6.8% and Seoul Semiconductor rose 6.4%.
The rally spread across Japan’s chip sector. Advantest rose 4.2%, laser tech increased by 6.4%; disco 2.8% increase, Tokyo Electron Although it increased by 0.9%, Softbank Group It advanced by 0.8%.
Taiwan Semiconductor Manufacturing Co., Ltd. It rose by 0.4%.
The rally in Asian tech stocks came on the back of a rebound on Wall Street, where semiconductor stocks rebounded after falling in the previous session. The VanEck Semiconductor ETF rose 2.5%. micron technology and ram research Each will increase by approximately 5%. applied materials and Teradyne It increased by more than 3%.
Despite Wednesday’s rebound, some investors warned that enthusiasm for AI-related hardware stocks is reaching its limits. Jordan Kvetanovski, chairman and chief investment officer of Pella Funds, said demand for AI infrastructure remains strong as companies race to build out computing capacity, but signs of over-speculation are beginning to emerge.
“We’re starting to see some very worrying developments in the market,” he said on CNBC’s “Squawk Box Asia,” adding that the recent volatility “is all classic signs that we’re facing some sort of rude shock coming to the AI space.”
Cvetanovski added that the AI spending boom continues to overwhelmingly benefit hardware manufacturers as companies race to build out computing capacity.
“A lot of the action is going to be on the hardware side because this is going to be a race to the finish line. This is going to be an arms war,” he said. “Every company is going to need access to as many computers as possible,” he added. “As we’ve seen with memory manufacturers, there will be supply shortages.”
