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Gotrade News - The AI chip and semiconductor trade returned to the spotlight as memory leader SK Hynix pressed toward a key technical ceiling while Nvidia's record data-center results kept high-bandwidth memory (HBM) demand running ahead of supply.
According to Investing.com, SK Hynix shares traded near 1,860,000 won and rose about 1.13%, stalling just under resistance at 1,911,000 won, a level that has repeatedly capped the advance.
The move sits inside a broader semiconductor momentum story that has lifted names from memory makers to lithography suppliers through 2026, powered by real AI infrastructure spending rather than speculation.
Yet the same chart that shows an ascending triangle also carries a caution signal, and the tension between demand strength and stretched technicals is what traders are weighing now.
Key Takeaways
SK Hynix is testing resistance at 1,911,000 won as HBM supply stays tight.
Nvidia reported $96 billion in quarterly revenue with a supply-constrained outlook.
SK Hynix says HBM demand should exceed supply for the next three years.
SK Hynix Tests 1,911,000 Won Resistance
The technical picture is finely balanced. According to Investing.com, SK Hynix's chart shows an ascending triangle roughly 80% complete, with trendline support near 1,745,000 won and the 200-period moving average overhead at about 1,958,575 won. A clean break above 1,911,000 won would open a path toward 1,958,000 won and then 2,116,000 won under the outlet's bullish scenario.
The risk is that momentum is fading into that ceiling. Investing.com flags declining volume as price approaches resistance and a weak trend-strength reading, warning of a possible bull trap near 1,911,000 won. That echoes the wider tape, where chip stocks have rallied hard but leadership has narrowed, a tension captured in Gotrade's earlier look at how the chip rally met a caution signal.
The fundamentals behind the chart remain powerful. As reported by GuruFocus, SK Hynix posted operating profit of 37.61 trillion won, a fivefold jump, on revenue of 52.58 trillion won that nearly tripled, as AI memory demand surged. The company said HBM demand is expected to exceed supply for the next three years, with customers "increasingly prioritizing supply security over pricing."
That scarcity ties the memory maker directly to accelerator demand. Per the same report, Nvidia is a key HBM customer alongside Meta and Amazon, and SK Hynix has committed roughly $8 billion to ASML (ASML) for advanced chipmaking tools, underscoring how tightly the memory and equipment layers are now linked.
Nvidia's $96 Billion Quarter Anchors the Trade
At the center of the momentum sits Nvidia (NVDA). According to 24/7 Wall St., Nvidia reported fiscal second-quarter revenue of $96 billion, including $89 billion from its data-center segment, at a 75% non-GAAP gross margin, and guided the current quarter to about $108 billion.
Chief executive Jensen Huang described a "supply-constrained outlook" and said he expects supply "to remain a bottleneck at least through the end of fiscal year 28."
The stock has reflected that strength, trading near $227.98 and up about 22.39% year to date, per the same source, with an average analyst price target of $305.79. Huang's broader framing of the demand cycle, including his view that AGI has arrived and is fueling AI cybersecurity demand, has kept the narrative pointed higher.
Broadcom, Micron and ASML Broaden the Rally
The strength extends well beyond any single chip. As reported by 24/7 Wall St., Broadcom's AI semiconductor revenue reached $16 billion, up about 200% year over year, while memory peer Micron (MU) traded near $935.39, up roughly 227.94% year to date.
On the equipment side, ASML remains the sole maker of the advanced lithography machines used to build leading-edge chips. Per Tiger Brokers, ASML booked net orders of 5.4 billion euros in the quarter it reviewed, with AI demand pushing bookings beyond expectations, even as the company flagged a likely decline in Chinese demand in 2026.
Company
Headline metric
Source
Nvidia (NVDA)
$96B fiscal Q2 revenue; about $108B guidance
24/7 Wall St.
SK Hynix
37.61T won operating profit, fivefold jump
GuruFocus
Broadcom (AVGO)
$16B AI semiconductor revenue, +200% YoY
24/7 Wall St.
Micron (MU)
$935.39 share price, +227.94% YTD
24/7 Wall St.
The near-term test is whether SK Hynix can clear 1,911,000 won on improving volume, or whether the fading momentum Investing.com flagged signals a pause in an otherwise durable demand story.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms registered with Kominfo (Indonesia's Ministry of Communication and Informatics). His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
