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Tech Stocks Soar as OpenAI Secures Major Chip Deals

10/3/2025

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Summary

Story summary

SK hynix and Samsung signed preliminary chip-supply deals with OpenAI, lifting their stock prices.
The KOSPI rose 2.7% to a record high, driven by the tech sector amid AI investments.
U.S. private-sector job losses raised expectations for Federal Reserve rate cuts, fueling global market optimism.
OpenAI CEO Sam Altman visited Seoul to finalize the agreements, underscoring the Stargate project's importance.

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Story summary

SK hynix and Samsung signed preliminary chip-supply deals with OpenAI, lifting their stock prices.
The KOSPI rose 2.7% to a record high, driven by the tech sector amid AI investments.
U.S. private-sector job losses raised expectations for Federal Reserve rate cuts, fueling global market optimism.
OpenAI CEO Sam Altman visited Seoul to finalize the agreements, underscoring the Stargate project's importance.