Nvidia signs multi-year memory chip deal with SK Hynix

Nvidia said CEO Jensen Huang met LG Group Chairman Koo Kwang-mo in Seoul to discuss a partnership with LG on humanoid robots and future data center architecture. The robotics effort will cover motor technology and mechanical systems, while the data center work targets infrastructure design. Financial terms were not disclosed, making it a strategic signal for Nvidia’s expansion beyond GPUs.

SpaceX said in a regulatory filing it signed a cloud service agreement with Alphabet’s Google to rent data-center capacity. Google will pay SpaceX $920 million per month from Oct. 2026 through June 2029 for at least 110,000 Nvidia GPUs plus other components. The deal follows a $1.25 billion monthly compute contract with Anthropic, totaling $2.17 billion per month.

The article says Apple is expected to overhaul Siri at its Monday developer conference, including a “chat” mode and a “personal context” option that shares iPhone data with the assistant, according to analysts cited by the report. Separately, Nvidia announced South Korea deals during CEO Jensen Huang’s trip, including a multi-year technology partnership with SK Hynix to develop advanced memory for AI data centers; deal values were not disclosed.

Direxion Daily MU Bull 2X Shares (MUU) fell about 26.65% in one session after Micron (MU) dropped roughly 13%. The selloff followed Broadcom’s AI revenue guidance miss (about 7% below buyside expectations) and a rates spike after May nonfarm payrolls. Investors now focus on Micron’s June 24 earnings for HBM pricing and guidance.

South Korean stocks fell sharply Monday as the KOSPI dropped 8.29% to 7,484.41 and the KOSDAQ fell more than 9% to 911.39, after Wall Street tech weakness and renewed concerns about AI profitability and a potentially hawkish U.S. Fed. The KRX halted trading via circuit breakers. Foreigners and institutions sold 355.5 billion won and 1.6 trillion won, respectively. The won rose after authorities pledged action on FX volatility.

Nvidia said it signed a multiyear partnership with SK Hynix to co-develop next-generation AI memory for “AI factories” and to apply AI in chip design and manufacturing. The deal targets memory supply for Nvidia’s Vera Rubin, Vera CPUs, RTX Spark PCs and Jetson Thor platforms, using CUDA-X and PhysicsNeMo. SK Hynix shares fell 7.68% to 1,911,000 won.