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Nvidia and SK Group AI Cooperation Boosts Market, Korean Stocks Rebound Strongly After Circuit Breakers, SK Hynix Narrows Decline to 1.5%

Nvidia and SK Group AI Cooperation Boosts Market, Korean Stocks Rebound Strongly After Circuit Breakers, SK Hynix Narrows Decline to 1.5%

TradingKey – On June 8, Seoul time, the South Korean stock market plummeted in early Monday trading as concerns over U.S. interest rate hikes and a global tech sell-off spread; the Korea Composite Stock Price Index (KOSPI) at one point plunged more than 8%, triggering a Level 1 circuit breaker. NVDA) along with SK Hynix and SK Telecom, announced several AI-related collaborations covering data centers, memory chips, and semiconductor manufacturing.

NVIDIA and SK Hynix to Jointly Develop AI Memory

NVIDIA and SK Hynix have announced a multi-year technical partnership, under which both parties will conduct joint research and development on next-generation memory required for the construction of global AI factories. NVIDIA CEO Jensen Huang stated…

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