SK Hynix shares rally 12% after US tech firms signal strong spending on AI data centers

SEOUL, May 4 (Reuters) – Shares of SK ​Hynix extended ‌gains to 12% on Monday, driven by foreign ‌buying, ​after ⁠big U.S. ⁠tech firms last week reported robust earnings and ​reaffirmed their investment plans ⁠for ⁠artificial intelligence ​data centers.

SK Hynix ​outperformed bigger rival Samsung ‌Electronics, which has been weighed down ⁠by the risk of a potential ⁠strike ‌by unionised ⁠workers demanding ​a ‌bigger share ​of the ⁠company’s AI-driven profits.

(Reporting by Hyunjoo Jin; Editing by Himani ​Sarkar)