SK Hynix is reportedly in talks to build memory chips inside Intel's Ohio complex, and the market loved it. But the plant has no timeline, no signed deal, and a product restriction that Seoul may never lift.

A rumored SK Hynix partnership could give Intel's long-delayed Ohio factories a customer, but the talks are preliminary and the turnaround still has a long way to go.

Memory chip stocks are rallying Thursday morning after reports that Intel and SK Hynix are in early discussions about producing memory chips together on U.S. soil for the first time. The Roundhill Memory ETF (CBOE:DRAM) is up 4% to $57.

Intel (INTC) stock climbed 4% after Barclays upgraded to Overweight. CEO bought $10M in shares, SK Hynix talks ongoing, Altera IPO filed. Details here.

Intel is rumored to be replacing the Core i5-14600K with a new LGA 1700 'Raptor Lake Next' CPU with two more P-cores matching the Core i7-14700K in cores.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Intel and SK Hynix held exploratory talks for US chip manufacturing. The market doesn’t care that the talks were exploratory, clearly.