Some of the world’s biggest memory makers are enjoying a market rally, driven by surging demand for artificial intelligence. As SK Hynix Inc. and Samsung Electronics log double-digit gains, industry observers are watching how smaller chip players – particularly penny stocks – could follow suit.

A dramatic rise in AI-related demand has outstripped global memory chip supply. With fewer chips to go around, manufacturers of consumer electronics could be forced to raise prices for laptops, smartphones, and more.

UBS analysts describe the latest U.S.–China discussions as “modestly positive,” sparking optimism in global markets. Though no formal deals emerged, reduced tensions and robust AI-driven growth continue to underpin equity rallies on both sides of the Pacific.

Despite posting robust profits driven by AI server demand, Foxconn, a key supplier for Apple and Nvidia, has lowered its full-year sales outlook. The company cites currency appreciation and tariff risks as significant challenges ahead.