--- title: "SK Hynix and Samsung shares surge over 20% as AI rally roars back" type: "News" locale: "en" url: "https://longbridge.com/en/news/294432611.md" description: "SK Hynix and Samsung Electronics surged over 20% on Friday, tracking a sharp rally in U.S. tech stocks driven by strong earnings from Amazon and Microsoft. This rebound reversed recent sell-offs caused by AI valuation concerns, as robust cloud growth reinforced confidence in continued AI infrastructure spending." datetime: "2026-07-31T00:32:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294432611.md) - [en](https://longbridge.com/en/news/294432611.md) - [zh-HK](https://longbridge.com/zh-HK/news/294432611.md) --- # SK Hynix and Samsung shares surge over 20% as AI rally roars back Omar Marques | Lightrocket | Getty Images South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism around artificial intelligence spending. LG Innotek advanced 11.2% and Seoul Semiconductor rose 7.8%. Japanese chip stocks also rallied sharply. Advantest, climbed nearly 18%, while Tokyo Electron gained almost 9%, Disco rose over 13%, Lasertec advanced more than 12% and Renesas Electronics added over 10%. SoftBank Group, a key artificial intelligence proxy as its owns Arm, also jumped more than 9%. The chip rally in Asia marks a sharp reversal from this week's bruising sell-off, as semiconductor stocks were battered by concerns over lofty AI valuations and signs of intensifying competition from Chinese memory chipmakers. The iShares Semiconductor ETF (SOXX) surged more than 8% overnight, as investors piled back into AI-linked chipmakers following stronger-than-expected cloud results from the two U.S. tech giants. Amazon jumped more than 9% in extended trading after reporting second-quarter revenue that beat analysts' expectations, driven by continued strength in its cloud-computing business. Microsoft had rallied 16% during Thursday's regular session after reporting faster-than-expected Azure cloud growth, reinforcing confidence that AI infrastructure spending remains robust. 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