AI Chip Demand Surges: SK Hynix Sold Out Through 2029, Boosting Sector Optimism

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CNBC’s Jim Cramer said Wednesday that SK Hynix’s blockbuster earnings proved artificial intelligence stocks can still rally in a market that has grown increasingly skeptical of the massive data center build-out.

The South Korean memory giant’s New York-listed shares surged more than 13% after it delivered better-than-expected results and an upbeat outlook. The report lifted other chipmakers, with Micron jumping almost 6%, Arm advancing 4% and AMD rising 3%. The rally stood out

FormFactor topped Wall Street’s expectations in the third quarter of 2026, reporting non-GAAP earnings of $1.04 a share on revenue of $280.5 million. Analysts had expected $0.86 a share on revenue of $270.52 million. The company also said revenue rose about 40% from a year earlier and marked its fourth straight quarter of record sales. Shares rose 3.24% in regular trading to $110.31, then slipped 1.59% after hours to $108.56 as investors weighed the beat against questions about how long margin g