🟢 Memory Chip ETF (MU.TO) is trading 5.14% up as SK Hynix results strengthen AI-memory demand outlook

MU.TO is trading at CA$42.72, up 5.14%, as SK Hynix’s record third-quarter results strengthened expectations for sustained AI-memory demand.

• SK Hynix reported a 632% operating-profit surge; management said supply could remain tight through 2030, helping rally memory-chip shares.
• Micron rose in premarket trading alongside other memory stocks, pointing to a sector read-through rather than a broad-market-driven move.
• The broader market was comparatively subdued, while MU.TO extended gains after rising 2.81% on October 27.