Samsung Electronics and SK hynix stocks are rising in early trading on the 12th. This appears to be influenced by the world's third-largest memory semiconductor corporation, Micron Technology, which revised its revenue and profit outlook for the fourth quarter of fiscal year 2025 (June to August) upward.
Samsung Electronics' stock was traded at 71,350 won on the KOSPI market at 9:17 a.m. that day. The stock price rose by 0.49% (350 won) compared to the previous day. At the same time, SK hynix's stock price increased by 1.78% (4,750 won) to record 271,750 won.
It is interpreted that Micron stimulated investor sentiment by raising its performance outlook. Micron is known as the 'barometer of the industry' for being the first to announce quarterly results in the memory semiconductor sector.
Micron raised its revenue outlook for the fourth quarter of fiscal year 2025 from $10.4 billion to $11.0 billion, to a range of $11.1 billion to $11.3 billion. The adjusted earnings per share (EPS) was also raised from the previous range of $2.35 to $2.65 to $2.78 to $2.92.
Micron explained the revised outlook, stating it was the result of 'improved DRAM prices and the company's successful business.'
Overnight, Micron's stock price rose by 4.06% ($4.83).