The stock prices of the "storage duo" Samsung and SK Hynix surged after reaching a preliminary agreement with OpenAI to supply chips for the Stargate project.

On Thursday, October 2, Samsung's stock price rose 4.5%, and SK Hynix's stock price jumped 9.7%, both being the biggest intraday gains since April.

As previously mentioned by WallstreetCN, according to statements released on Wednesday by Samsung and Hynix, OpenAI CEO Sam Altman signed a letter of intent in Seoul. The agreement aims to include these two dominant companies in the storage chip sector in the construction plan for the Stargate data center, a project that also involves giants like NVIDIA and Oracle.

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