Microsoft and Alphabet shares rose about 1% and 2% after reports of long‑term memory supply agreements with SK Hynix.
Microsoft is in final stages, while Google is still negotiating, to secure five‑year memory supplies for data‑center expansion.
Deal terms may include minimum price floors and 10‑30% upfront payments to protect SK Hynix against price declines.
Both firms are also in talks with Samsung Electronics, the other major memory producer, as supply constraints push prices higher.