By Reuters

(Reuters) - Shares of South Korean chipmaker SK Hynix ‌surged on Wednesday after peer ‌Samsung Electronics forecast market-beating quarterly earnings, fuelling expectations ​about SK Hynix's results.

Samsung Electronics on Tuesday projected its first-quarter operating profit would jump more than eight-fold, beating ‌analyst estimates ⁠as booming demand for artificial intelligence infrastructure stretched supply and ⁠drove chip prices higher.

Korea Investment & Securities on Wednesday raised its estimate for ​SK Hynix's ​operating profit ​full-year by 28% ‌to 216 trillion won ($146.55 billion), more than quadruple from 2025, due to stronger-than-expected price increases of both DRAM and NAND chips.

SK Hynix shares traded ‌up 15% at 1,050,000 ​won ($712.20) each, outperforming Samsung's ​8.7% gain ​and the wider market's ‌7% rise.

SK Hynix, the ​world's second-biggest ​memory chip maker after Samsung Electronics, is set to report January-March ​earnings later ‌this month.

($1 = 1,473.8900 won)

(Reporting by Hyunjoo ​Jin; Editing by Ed Davies ​and Christopher Cushing)

This week on Reuters

• Russia says Middle East war disruption opens up new trade opportunities

• How investors buy gold and what fuels the market

• China sees Qingming holiday spend rise, but per trip outlay dips 0.19%

• OPEC secretariat receives updated compensation plans