--- title: "NVIDIA reaches a storage chip agreement, but SK Hynix and Samsung's stock prices are significantly under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/288993983.md" description: "NVIDIA signed a new cooperation agreement with SK Hynix, but it failed to boost the stock price. Affected by pressure from AI trading, the South Korean stock market fell sharply: SK Hynix opened down 10.3%, Samsung Electronics opened down 10.9%, and the KOSPI index narrowed its decline after dropping 8.8% during the session. Analysts pointed out that the market is at the epicenter of global AI trading liquidation, and attention should be paid to the subsequent performance of the European and American markets" datetime: "2026-06-08T03:05:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288993983.md) - [en](https://longbridge.com/en/news/288993983.md) - [zh-HK](https://longbridge.com/zh-HK/news/288993983.md) --- # NVIDIA reaches a storage chip agreement, but SK Hynix and Samsung's stock prices are significantly under pressure NVIDIA CEO Jensen Huang has just signed a new cooperation agreement with SK Hynix, but this did not boost the stock price of the South Korean memory chip manufacturer. In the South Korean stock market, SK Hynix's stock opened down 10.3%, while fellow memory chip supplier Samsung Electronics opened down 10.9%. The Korea Composite Stock Price Index (KOSPI) fell as much as 8.8% during the day, but all three subsequently narrowed their losses. So far this year, SK Hynix and Samsung Electronics have been the main engines behind the strong rise of the KOSPI, which has accumulated a 94% increase since 2026. However, last Friday, as artificial intelligence (AI) trading came under pressure, the KOSPI fell 6.2%, and in early trading on Monday, the index dropped another 6.1%. Stephen Innes, managing partner at SPI Asset Management, stated in a Substack article: "One day's market does not constitute a trend, but when the hottest AI playground suddenly turns into a fire drill, traders should take notice." He also wrote: "From Monday's price action, South Korean investors woke up to find their market at the epicenter of global AI trade unwinding, which is clearly not a pleasant situation." Nevertheless, Innes cautioned that it is still early in the trading day for the South Korean stock market. When discussing AI trading, he wrote: "The real conclusions will have to wait until London traders open and we see the latest situation in the New York market." ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [South Korea's Naver to build gigawatt-scale AI factories using Nvidia technology](https://longbridge.com/en/news/288973405.md) - [Seoul Purpose: How NVIDIA and South Korea Are Building the Future of AI](https://longbridge.com/en/news/288813245.md) - [Bulls vs. bears: Broadcom reviewed after post-earnings selloff](https://longbridge.com/en/news/288933678.md) - [What's Going On With Taiwan Semiconductor Stock Monday?](https://longbridge.com/en/news/288256902.md) - [Jensen Huang Personally Reviews Pay For All 42,000 Nvidia Employees — Here's What He Does '100% Of The Time'](https://longbridge.com/en/news/288938049.md)