SK hynix Inc. stock [NASDAQ: SKHY] is trending up by 4.48 percent as of 08:33:41 EDT on Wednesday, August 12, 2026, amid strong AI memory chip demand and bullish investor sentiment. This follows a period of volatility after Nvidia and SK Group, including SK Hynix, struck a $500B‑plus AI infrastructure partnership, yet SKHY slid roughly 9% intraday amid tech profit‑taking. SK Hynix deepened its Nvidia tie‑up with a long‑term high‑bandwidth AI memory deal and support for a 2‑gigawatt Korean AI cloud, but the stock still fell more than 9%. The SK Group–Nvidia agreement locks in SK Hynix as a co‑developer of next‑gen AI memory for training, AI agents, and physical AI, even as shares dropped about 8.8%. SK Hynix’s CEO expects a global memory chip shortage to last beyond 2030 as AI demand outpaces supply, while SKHY was down roughly 6.5%–8.8% on related headlines. Large, long‑term SK Hynix memory supply contracts with major US tech firms are expected around a San Francisco state visit, despite another sharp pullback in SKHY. On the daily chart, SKHY ran as high as 177.93 in late July before rolling over, fading from the 170s toward