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Why are Intel and SK Hynix rallying today?

Published Source: CryptoPolitanRead original

Crypto Insight Summary: Intel (NASDAQ: INTC) and SK Hynix (NASDAQ: SKHY; KRX: 000660) are moving higher Wednesday after reports said the two chipmakers are discussing a U.S. production deal. Intel gained 5.2% before the market opened, while SK Hynix closed 4.1% higher in Seoul. Its Nasdaq shares were up around 3% before Wall Street trading began. SK Hynix... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Intel and SK Hynix news is sector-specific, unlikely to impact crypto market direction.

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Why are Intel and SK Hynix rallying today? — Crypto Insight