Seoul, Oct. 21 -- Despite wild swings in the Kospi, brokerages are doubling down on Korean chip stocks, betting the AI-driven memory boom has much further to run, The Korea Herald reported.

The benchmark index has seesawed in recent sessions, with chip heavyweights Samsung Electronics and SK hynix at the center of the turbulence as investors reassess the outlook for AI demand, according to The Korea Herald.

On Wednesday, the Kospi closed at 5,735.66, up 3.29 per cent from the previous session. Samsung and SK hynix each surged more than 7 per cent intraday, helping trigger a five-minute buy-side sidecar. The rebound followed last Thursday's 7.57 per cent plunge, which triggered a 20-minute marketwide trading halt.

Yet analysts remain la...