US Stocks Moving | SK Hynix (SKHY.US) rises over 5% at market open, reaching a new all-time high

According to Zhihu Finance APP, on Wednesday, SK Hynix (SKHY.US) saw its early trading gains expand to 5%, reaching a new all-time high, currently trading at $195.36 with a total market capitalization of $1.43 trillion. According to the latest forecast from S&P Global Market Intelligence on September 8, driven by the strong demand for AI storage chips, SK Hynix is expected to announce a new round of stock buybacks in the fourth quarter of this year, with a scale estimated between 20 trillion and 40 trillion Korean won (approximately $28 billion). Even after completing this large-scale buyback, the company will still be able to pay generous dividends, providing a strong catalyst for South Korea’s government-led “Value-up” program and ongoing shareholder return restructuring.