00:00Why can't Samsung and SK Hynix rally today?
00:04After surging yesterday, both stocks turned lower together in early trading.
00:09The reason is U.S. inflation.
00:12Overnight, the U.S. October CPI rose 0.4 percent from the previous month, beating market expectations of 0.3
00:22percent.
00:23Hotter-than-expected inflation fueled rate hike fears, and all three major Wall Street indexes fell.
00:30But here's the twist.
00:31AI data center company CoreWeave posted earnings that beat expectations.
00:37Both Q3 revenue and its full-year revenue outlook topped forecasts, sending shares up nearly 6 percent after hours.
00:46It's rate pressure versus AI growth hopes.
00:49The key to a chip stock rebound today may be AI investment sentiment.
